Madayn is eyeing private investment in the development of its industrial cities.
Madayn set to develop $260m industrial city projects
01 October 2021
Oman’s Public Establishment for Industrial Estates (Madayn) has opened up a number of industrial cities – existing and greenfield – for local and international investment, according to a report.
Opportunities for investment range from the development and operation of business hotels to the management and operation of new industries cities based on the public-private-partnership (PPP) model, reported Oman Observer.The 90-odd project proposals span multiple sectors, including manufacturing, tourism, logistics and fisheries.
Two of these new industrial cities are to be developed in Dhofar Governorate and include an Industrial Logistics City to be built over a 10-million-sq-m site at Marmul, worth about RO52.5 million ($136 million), and a 4-million-sq m city at Thamrait, involving an investment ofabout RO24 million.
A 5-million-sq-m industrial city is also planned at Shinas in North Al Batinah, valued at about RO30 million. Other projects seeking investment include a commercial warehousing facility in Samayil Industrial City and a hotel and business centre in Buraimi Industrial City.
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