Muscat – The industrial cities pertaining to the Public Establishment for Industrial Estates (Madayn) have substantially streamlined investment procedures for foreign investors electronically without the need for the investors to visit the industrial cities to finalise their applications.
By keeping pace with the rapidly evolving digital transformation, these efforts come to ease investment procedures and make them easier and flexible to attract foreign investments into Madayn’s industrial cities.
“An Egyptian project specialised in the production of bottles such as ampoules got localised in Raysut Industrial City through electronic means without having the necessity for the investor to visit the industrial city,” informed Hamid Bait Said, director of investor services at Raysut Industrial City.
He emphasised that Madayn is making an instrumental progress with regard to the services offered to the investors in the industrial cities.
He elaborated that the investors can submit their investment applications, examine the industrial land through Madayn’s online geographic information system, pay the contract dues, and finally sign the lease contract online.
“Investors are able to complete investment procedures from anywhere worldwide as all the investment related services are available online for the investors to benefit from in coordination with Masar Service Centres in Madayn’s various industrial cities,” Said added.