01 July 2020

The Public Establishment for Industrial Estates (Madayn) has invited the private sector to build, manage and operate the shipyard complex in Sur Industrial City, Oman, for a period of 30 years.

This announcement comes in light of the increasing demand to set up factories for small and medium-scale fishing vessels. This also comes in line with the government’s drive to open the way for the private sector to invest in infrastructure facilities, as the Ministry of Agriculture and Fisheries issued a decision to stop granting new licences to traditional fishing vessels and introduced a programme to support fishermen to switch to modern fishing vessels due to the steady growth in the fisheries sector during the past years, Madayn said.

Recognised as the first of its kind in the sultanate, the shipyard complex project is expected to attract a significant number of investors from the private sector especially with the incentives and facilities offered by Madayn to the investors and business owners. 

The public-private partnership (PPP) approach is also adopted by Madayn in the field of developing, managing and operating the industrial cities and specialised economic zones in accordance with Royal Decree no 32/2015.

The Royal Decree assigns Madayn to develop and operate the industrial cities in the sultanate, and attract industrial investments and provide continued support to this sector through regionally and globally competitive strategies.

Meanwhile, Madayn has announced that Samail Industrial City is witnessing increasing investment demand from business owners and investors. According to Engineer  Dawood bin Salim Al Hadabi, Director General of Samail Industrial City, the city is currently implementing a number of projects in cooperation with the private sector, which include the administration and facility building. This building is more than 50 per cent complete. Other projects include electrical connections in cooperation with Mazoon Electricity Company, an afforestation project, establishing a housing project for the workforce in the industrial city, and connecting the city to the expressway.  

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