Madayn eyes local and foreign investment across multiple projects
The new investment inflows targeted by Madayn are part of its Vision 2040 strategy
Oman’s Madayn has opened several industrial cities – existing and greenfield – for local and international investment. Opportunities for investment range from the development and operation of business hotels to the management and operation of the new industries cities based on the public-private-partnership (PPP) model.
According to a report by the Oman Observer, an outline of these opportunities has been included in a catalogue of projects currently being promoted for investment by Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP). The 90-odd project proposals span multiple sectors, including manufacturing, tourism, logistics and fisheries, that are key to achieving the country’s economic diversification goals, the report said.
In the Dhofar Governorate, Madayn identified the potential for investors to support the development of an Industrial Logistics City at Marmul, where many of Oman’s oil and gas operations are located. A role for the private investor will cover the ‘total development of the industrial logistic city, starting from the establishment of the masterplan and ending with the construction of the infrastructure’, according to details shared by MoCIIP. Marmul Industrial Logistics City is proposed to be established on a 10m sqm site, with a total investment size of about $136 million, the report noted.
A similar role is also envisaged for investors looking to support the development of a new industrial city at Thamrait, also in Dhofar Governorate. An area of around 4m sqm has been bookmarked for a new manufacturing and industrial hub. The investment size is about $62.3m according to authorities.
Shinas in the North Al Batinah Governorate is also tipped to host an industrial city on a roughly 5m sqm site. Private investors have been invited to look at the end-to-end masterplan design, as well as infrastructure development of the site. The investment size is said to be around $78m.
In Al Dakhiliya Governorate, Madayn has outlined the potential for private investment in a commercial public warehousing facility planned within Samayil Industrial City. Investment in the facility, covering an area of 60,000sqm is about $7.7m. It is proposed to be implemented on a design, build, own and operate basis.
Madayn has also invited private investment in the development and operation of a hotel and business centre in Buraimi Industrial City. The total investment for the joint development is about $15.6m.
The new investment inflows targeted by Madayn as part of its Vision 2040 strategy are projected to lift its cumulative investment size to about $39bn by 2040. An estimated 6,500 projects across the country are expected to be in operation across its network of industrial cities, the report concluded.
