Volume Of Investment In Raysut Industrial City Hits OMR43mn

Volume Of Investment In Raysut Industrial City Hits OMR43mn

Raysut: The Raysut Industrial City, under the oversight of the Public Establishment for Industrial Estates (Madayn), has witnessed a notable increase in investor interest, attributed to its alluring investment environment, supportive facilities, and incentives for investors, in addition to its strategic proximity to the Salalah Port and Salalah Airport.

Abdulqader bin Salim Al Balushi, the Director General of Raysut Industrial City, mentioned that a key objective of the city is to expand its infrastructure to further attract investments.

Currently, Raysut Industrial City is in the process of announcing a significant project aimed at enhancing the basic infrastructure, which is expected to be completed by the end of the current year. This project, with a budget of OMR3 million, will include the provision of water and wastewater services, as well as the rehabilitation of other essential services.

He further stated that the first half of the current year has seen the localization of eight investment projects in Raysut Industrial City, with investments surpassing OMR43 million, thereby increasing the total investment to over OMR500 million.

Regarding the industries present in Raysut Industrial City, he highlighted a diverse range, including sectors such as food, medicine, oil and gas, plastic manufacturing, furniture production, and cement products.

The total workforce across the existing companies and factories in Raysut Industrial City has surpassed 3,000 employees, with 38 percent of these employees being Omanis, as reported by Hamid bin Ali Bait Said, the Director of Investors Services at Raysut Industrial City.

The city is also home to 195 projects, positioning it as a key industrial hub for investments in the food and pharmaceutical sectors, and has emerged as a regional center for these industries, as Mr. Bait Said added.

 

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