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Raysut Industrial City records investments worth RO563mn  

20 Mar 2024 Raysut Industrial City records investments worth RO563mn By OUR CORRESPONDENT

Muscat – Raysut Industrial City added eight new projects in 2023, taking the total investment volume to RO563mn.

According to Abdul Qadir bin Salim al Balushi, Director General of Raysut Industrial City, currently there are 192 projects, with the latest eight contributing RO84mn in 2023. These investments span industrial, service and commercial activities.

Of the total, industrial projects account for the majority – 159 – employing 4,156 workers, with Omanisation rate of 38%.

One notable addition to the investment portfolio is a data processing and cryptocurrency mining project, the first phase of which is spread over an area of 20,000sqm and has foreign investment of RO80mn. “This project aligns with the government’s strategy for digital transformation,” Balushi said.

It was launched in August 2023 by Exahertz International, a subsidiary of Al Afaq Technology, with support from the Ministry of Transport, Communications and Information Technology.

Abdul Qadir bin Salim al Balushi, Director General of Raysut Industrial City

Balushi informed that the aim of Raysut Industrial City is to attract further investments and create job opportunities for citizens. “The Public Establishment for Industrial Estates – Madayn – is actively working to enhance services and infrastructure to support this goal.”

The city has been instrumental in advancing industrial development in Dhofar for over three decades. It offers a residential complex with integrated facilities to accommodate workers, alongside a civil defence centre ensuring safety and security for companies and factories.

The strategic location of Raysut Industrial City, near Port of Salalah and Salalah Airport, as well as its proximity to the Yemeni market and Saudi Arabia, further enhances its appeal to investors. The Masar service centre within the industrial city facilitates investor needs, streamlining licensing and approval processes with relevant entities.

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