Madayn, Oman’s Public Establishment for Industrial Estates has signed an agreement with Al Hashemi and Al Rawas Trading and Contracting Co for the infrastructure development project for Raysut Industrial City (Raysut 2) for a total cost of $10.36 million.
The one million sqm project agreement was signed in the presence of Ahmed bin Hassan Al Dheeb, chairman of Madayn’s board of directors, and Salah Salem bin Mohiyaddin bin Saif, CEO of Al Hashemi and Al Rawas Trading and Contracting Company.
Raysut Industrial City, which was inaugurated in 1992 had a total area of 1.5 million sqm and six projects, which by Q1 of 2018 had extended to 3.8 million sqm with 194 operating projects.
During the agreement signing, Al Dheeb said: “This agreement shall provide new infrastructure services and develop the existing ones. All the industrial cities that fall under the umbrella of Madayn are receiving great demand due to their strategic locations across the sultanate, which eventually stimulate investment and business development.”
He added that the Raysut Industrial City is strategically located close to the Port of Salalah and offers a line-up of incentives and services to those wishing to localise their businesses and commence their industrial projects.
Raysut Industrial City’s second phase infrastructure development project comes as part of the project which have economic and social dimensions that directly contribute to a comprehensive and sustainable development, said assistant CEO of Madayn for operations, Musallam bin Mohammed Al Shehri.
“The investment operations in these expansions have already begun, as the lease ratio has touched nearly 90 per cent of the total areas that have been identified for the project. This is a clear indication of the high demand by local and foreign investors to expand their businesses especially after the issuance of Madayn’s new investment regulations, which have simplified the procedures and offer a package of incentives to transform the industrial cities in the Sultanate into an attractive investment environment,” he noted.
Moreover, Al Shehri pointed out that as part of the agreement with the project, Madayn will establish an integrated network of roads, pavements, drainage systems, fire extinguishing systems, and irrigation systems over 7.9 km. Water networks will also be provided over 8.3 km.
The project will also develop communication and gas networks, and a wasteland water treatment plant with 1000 cu m capacity per day as well as an advanced lighting technology. The project is due for completion in Q3 2020.