Al Mazunah Free Zone Phase Two 88pc complete
01 February 2021
Oman’s Al Mazunah Free Zone is currently implementing Phase Two of its infrastructure development project (second package), which is about 88 per cent complete.
Work is also under way in the design of a facility building, which is valued at more than RO3 million ($7.79 million) and is expected to be completed by mid-2022.
Additionally, design work has commenced on the Phase Four expansion involving a total area of 3 million sq m. Security fencing is currently being installed for the free zone.
Said bin Abdullah Al Balushi, Director General of Al Mazunah Free Zone, said that investors in the free zone are offered a number of incentives including customs’ exemptions, 100 per cent foreign ownership, no minimum capital requirements, and simplified procedures for non-GCC investors to obtain an Omani residence visa.
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