Oman Airports Sets Milestone in Integrated Logistics
Economy

Muscat, 30 Jul (ONA) — Oman Airports company today signed
an agreement to lease an investment plot of land for establishing a workshop
specialized in aircraft tire-and-brake repair. The investment plot forms part
of the 2nd phase of the Air Cargo Gateway of the logistics zone at
Muscat International Airport.

The agreement was by Ahmed bin Said Al Amri, CEO of Oman
Airports and Hussein Abdullah Al Haddad, CEO of EPIC, the company undertaking
the project.

The project, to be established on an area of 7,274 square
metres, has an investment cost of RO 5 million. Mach Aerospace International
will provide inspection, repair and restoration services for wheels and brakes
of Airbus 320 and Boeing 787 aircraft in accordance with the highest technical
and operational standards approved in this field. The project will contribute
to enhancing the efficiency and safety of operational services at the airport.

Al Amri said that the agreement marks the start of investment
in lands on the area surrounding Muscat International Airport. The company announced
investment in the area as part of its drive to explore opportunities for development
and investment within the Muscat International Airport area.

Al Amri said in a statement to the Oman News Agency (ONA)
that Oman Airports has developed an integrated master plan to maximize benefits
from lands within the boundaries of Muscat International Airport in a manner
that realizes the development of quality projects that keep pace with the future
vision for the area.

He added that Oman Airports seeks to enhance the airport’s
commercial aspects by expanding its facilities of hospitality, entertainment
and interactive experiences. This approach, he explained, will raise the
investment value of the lands, increase returns from direct and joint projects
and contribute to maximizing the income generated by investments in the real
estate development sector.

Al Amri pointed out that the agreement fits with the
comprehensive strategy implemented by Oman Airports to convert airport cities
into active economic and logistic platforms that support economic
diversification and consolidate the Sultanate of Oman’s position as an
integrated regional hub for the aviation sector and support services.

For his part, Hussein Abdullah Al Haddad, Chairman of the
Board of Directors of EPIC, said that the agreement constitutes an important
step towards achieving a strategic partnership between the government and the
private sector, in terms of investment opportunities available in Muscat
International Airport City.

In a statement to ONA, Al Haddad said that the
establishment of a workshop to repair aircraft tires and brakes was in response
to a real and growing need, notably amid the steady growth in the number of
flights and passengers passing via Muscat International Airport.

Al Haddad added that the presence of such workshops within
the airport’s premises saves the time and effort of airlines when dealing with
emergency technical malfunctions, thereby diminishing the scope of delays and
ensuring the smooth flow of flight operations.

— Ends/Bishara/AG