01 September 2020

Oman’s Public Establishment for Industrial Estates (Madayn) and its investment arm Shumookh Investment and Services have signed a cooperation agreement with Advanced Universal Tech to establish Oman Nano City in Sur Industrial City.

The project aims at implementing, developing and managing a city that promotes nanotechnology in the sultanate as well as attracting industries and investments and providing support to investors through regional and international competitive strategies.

 The agreement was signed by Hilal bin Hamad Al Hasani, CEO of Madayn; Eng Musallam bin Juma’a Al Hudaifi, CEO of Shumookh Investment and Services; and Eng Qasim bin Habib Al Lawati, Partner and Founder of Advanced Universal Tech.

Al Hasani emphasised that this agreement aims at establishing an incubator for nanotechnology in the sultanate supported with high quality infrastructure and excellent services through forming teams of experts and providing continued support for the project.

 “Oman Nano City will contribute in developing the manufacturing sector, creating links between industries, universities, colleges, schools and research institutions, and providing on-job training opportunities,” Al Hasani pointed out.

 Oman Nano City also aims at supporting innovation in the sultanate through transforming laboratory research into new products, as innovations give manufacturers the performance or cost edge they need to compete in international marketplace.

Al Lawati stated: “Oman Nano City will be built on a total area of 1 sq km to act as an incubator for innovations and industries related to nanotechnology. The project will be equipped with a main administration centre in addition to various public facilities such as a hotel, cultural centre, business centre, banks, shopping centres, clinics, logistics services, and a residential area equipped with quality services for the workforce based in factories.”

“Oman Nano City will be designed to comprise 11 sectors,” he added.

The project is expected to attract international investors to set up industrial projects in various fields such as building and construction, water and environment, health care, medicine, cosmetics, automotive and industrial parts, equipment and services, textile and clothes, and polymers, chemicals and raw materials.  

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