Oman’s Madayn assigns infrastructure works for Ibri Industrial City’s Phase One
$23.3 million worth package will cover an area of 3 million sqm and will have an implementation period of 18 months
The Public Establishment for Industrial Estates (Madayn) has assigned infrastructure works of Ibri Industrial City’s phase one on an area covering three million sqm with a total value of approximately $23.3 million and an implementation period of 18 months, it has been announced.
In a statement, Engineer Nasser Al Mabsali, Director General of Ibri Industrial City, said that Madayn will invest in developing the infrastructure including roads, lighting, water and communication networks, sewage networks, landscaping, and electricity network in coordination with Majan Electricity Company.
“The strategic location of Ibri Industrial City on the road leading to Saudi Arabia and due to its close proximity to Oman’s oil concession areas. Located about 200 km from Sohar Port and 300 km from Muscat governorate, the industrial city will serve the mining, marble and food investment sectors,” Al Mabsali explained.
He added that by establishing Ibri Industrial City, Madayn aims to achieve its vision in spreading a line-up of industrial cities throughout the Sultanate’s governorates, contributing to the advancement of the national economy, and providing direct and indirect job opportunities for the nationals in Al Dhahirah governorate.
In terms of incentives and privileges granted to investors to boost investment opportunities in Ibri Industrial City, Madayn has announced earlier this year exemption from rental value for a period of two years for all new projects, followed by a reduction in the rental value for a period of three years by 50 per cent for contracts concluded during the period from 2021 to 2024, in addition to reducing all other fees listed in Annex no. (1) of the Investment Regulations by 50% for all new projects during the period from 2021 to 2024.
Ibri Industrial City will comprise of a variety of industries ranging from oil and gas services, food industries, building materials, warehouses, and showrooms.
He added: “Once the Rub Al Khali (Empty Quarter) border opens, it will facilitate the movement of goods from Saudi Arabia and the Levant countries, activate the warehousing and storage sector, and boost the volume of exports in marble, foodstuff and other sectors.”
Al Mabsali also affirmed that Madayn, in coordination with Al Dhahirah branch of Oman Chamber of Commerce and Industry (OCCI), are making efforts to enable and support contractors and suppliers in Al Dhahirah governorate to apply for projects and services implemented by Madayn.
He pointed out that there are also projects that shall be assigned to the Small and Medium Enterprises registered in Riyada from Al Dhahirah governorate.
