Investment booming for Nizwa Industrial City
Madayn has successfully capitalised four new projects worth over US $14.2mn in H1 2024
Nizwa Industrial City has successfully capitalised four new projects worth over US $14.2mn in H1 2024. These are spread over an area of 67,000sqm. With this move, the total investment volume in Nizwa Industrial City has surged to $1.2bn.
According to Madayn, the total number of projects at various stages of development rose to 173, with a workforce of 5,707 employees and an Omanisation rate of 45%.
These projects include 154 operating projects, in addition to a further eight where space has been allocated, and 13 under construction. Of the 3.1m sqm of developed land, 76% is currently occupied, while the total area of the industrial city exceeds 7.2m sqm.
Salah bin Nasser Al Alawi, the Acting Director General of Nizwa Industrial City, pointed out that during the first half of 2024, Madayn had completed several key projects in Nizwa Industrial City, including the expansion of Phases 3 and 4, across an area of 1m sqm.
“These expansions involve developing basic services, adding a new entrance to the city, and implementing a fibre optic network in cooperation with Oman Broadband Company. Additionally, Madayn is currently preparing the master plan for Phase 5, which covers 4.1m sqm,” said Alawi.
