Lebanon’s
Minister of Economy, Trade Explores Madayn’s Investment Climate

Muscat, 26 Oct
(ONA) — Dr. Amer Bassat, Minister of Economy and Trade of the Lebanese
Republic, visited the Public Establishment for Industrial Estates “Madayn” at
its headquarters in the Knowledge Oasis Muscat today.

Eng. Dawood
bin Salim Al Hadabi, CEO of Madayn, welcomed the delegation and shared insights
into Madayn’s vision of positioning the Sultanate of Oman as a leading regional
centre of manufacturing, ICT, innovation and entrepreneurship excellence, and
its mission in attracting industrial investments and providing continued
support, through regionally and globally competitive strategies, good infrastructure,
value adding services, and easy governmental processes.

Khalid Al
Salehi, Director General of Marketing and Commercial Affairs at Madayn, gave a
brief on Madayn’s key objectives, including attracting foreign investments to
the Sultanate of Oman and localising the national capital; contributing to
stimulating the private sector to achieve sustainable economic and social
development; achieving environmental sustainability; and contributing to the
creation of new job opportunities for the national cadres.

Al Salehi also
spotlighted the key projects currently being implemented by Madayn across its
various industrial cities, the incentives and facilities offered to investors
and business owners, as well as the available investment opportunities in the
industrial cities, with an emphasis on the sectors targeted in the upcoming
phase.

Lebanon’s
Minister of Economy and Trade and his accompanying delegation toured Al Rusayl
Industrial City, where they visited Oman Fiber Optic Company. Established in
1996, the company has been instrumental in building the Sultanate of Oman’s
digital infrastructure by designing and implementing fiber optic networks for telecom
and internet projects, as well as interconnecting government and private bodies.
The company also provides integrated solutions encompassing manufacturing,
engineering design, installation, and maintenance to meet Oman’s digital
transformation requirements.

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Ends/Khalid