Sohar Industrial City, a vital center under the Public Establishment for Industrial Estates (Madayn), has become a leading destination for attracting new investments and projects.
The city, one of Oman’s premier industrial hubs, strategically located to serve as a major center for manufacturing, trade, and investment, had seen the launch of 27 new projects, with a total investment of $194 million (RO 75 million) and covering an area of 400,000 square meters, by the end of the third quarter of 2024.
Eng Abdullah bin Ahmed al Mayasi, Director-General of Sohar Industrial City, highlighted that the city’s cumulative investment volume has exceeded 5.9 billion (RO 2.3 billion), supporting 395 projects and providing employment for over 14,000 workers.
The seventh phase of infrastructure development was completed earlier this year, with investments surpassing $51 million (RO 20 million). Furthermore, consultancy contracts have been awarded for upgrading infrastructure in phases one through six, with completion anticipated by mid-2025.
Notable developments include agreements for 11 projects within the Ladayn Complex for Plastic Industries, with a total investment exceeding $ 77 million (RO 30 million). The complex has utilized around 15 percent of its designated area.
According to the statement, efforts are also underway to establish an aluminum economic cluster. Initial consultations with stakeholders have highlighted both challenges and opportunities, with the next phases set to focus on environmental studies and the promotion of promising projects.
The city’s rapid expansion and continuous upgrades, such as the ongoing development of new industrial clusters and the recent completion of infrastructure phases, further solidify its role as a critical player in Oman’s economic landscape.
Sohar Industrial City remains a key driver of Oman’s industrial diversification strategy, making a substantial contribution to the national economy while attracting global investors and promoting innovation across critical sectors.
