The Public Establishment for Industrial Estates (Madayn) has awarded a contract worth RO9mn for infrastructure works of Ibri Industrial City’s phase 1.
The implementation period for the phase 1 infrastructure development, which will be on an area of 3mn sqm, is 18 months.
In a statement, Eng Nasser al Mabsali, director general of Ibri Industrial City, said that Madayn will invest in developing the infrastructure including roads, lighting, water and communication networks, sewage networks, landscaping, and electricity network.
He said Ibri Industrial City has a strategic location on the road leading to Saudi Arabia and due to its close proximity to Oman’s oil concession areas.
“Once the Rub Al Khali (Empty Quarter) border opens, it will facilitate the movement of goods from Saudi Arabia and the Levant countries, activate the warehousing and storage sector, and boost the volume of exports in marble, foodstuff and other sectors,” Mabsali said.
Located about 200km from the Port of Sohar and 300km from Muscat Governorate, Ibri Industrial City will serve the mining, marble and food investment sectors. Ibri Industrial City will comprise a variety of industries ranging from oil and gas services, food industries, building materials, warehouses and showrooms.
By establishing Ibri Industrial City, Madayn aims to achieve its vision in spreading a line-up of industrial cities throughout the sultanate’s governorates, contributing to the advancement of the national economy.
In terms of incentives for investors to boost investment opportunities in Ibri Industrial City, Madayn has announced earlier this year exemption from rental value for a period of two years for all new projects. This will be followed by a 50 per cent reduction in rental value for a period of three years for contracts concluded during the period from 2021 to 2024.
Mabsali affirmed that Madayn, in coordination with OCCI, are making efforts to enable and support contractors and suppliers in Al Dhahirah Governorate to apply for projects and services implemented by Madayn.
Madayn earlier this year launched its Vision 2040 which aims to create world-class business cities in the sultanate while maintaining the Omani identity to contribute to economic growth.
Under its Vision 2040, in addition to Ibri Industrial City, Madayn plans to establish new industrial cities in Thumrait, Shinas, Al Mudhaibi and Al Rawdah.
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