A new industrial city in Marmul, which is 800km from Muscat, will help take the development deep into the heartland of Oman.
To be set up with a goal to accelerate the development of local manufacturing capabilities while expanding supply chains, the industrial city within the industrial and logistics complex in Marmul is expected to focus mainly on attracting investments in the oil and gas sector.
The Public Establishment for Industrial Estates – Madayn signed a memorandum of cooperation last week with Petroleum Development Oman (PDO) to establish the industrial city within the industrial and logistics complex in Marmul.
With the signing, Madayn aims at financing, developing, operating and attracting investments to the industrial city located in the south within PDO’s concession area. The agreement was inked by Hilal bin Hamad al Hasani, CEO of Madayn, and Raoul Restucci, managing director of PDO.
Hasani stated that the memorandum of cooperation comes as a continuation of Madayn’s medium and long-term expansion plans through establishing industrial cities and hence undertake efforts along the lines of the government’s future directions based on active cooperation and partnership with the private sector to achieve comprehensive and sustainable economic and social development in the sultanate.
“This cooperation also comes in line with Madayn’s adopted PPP approach in the field of constructing, managing and operating industrial and economic areas,” Hasani said, adding, “The industrial city in Marmul is expected to focus mainly on attracting investments in the oil and gas sector.”
Restucci added, “We look forward to cooperating with Madayn in this strategic project. The goal of the industrial and logistics complex in Marmul is to accelerate the development of local manufacturing capabilities while expanding supply chains, which shall support our activities in the southern concession area. Bringing these vital operations closer to our fields will play a role in reducing response time and costs, providing efficiency gains and improving safety performance