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Madayn Organises Seminar on Nizwa Industrial City
Madayn Organises Seminar on Nizwa Industrial City

Nizwa, 23 Mar (ONA) ---- The Public Establishment for Industrial Estates “Madayn” organised today a seminar entitled “Nizwa Industrial City: Reality and Prospects” under the patronage of Sheikh Hilal Said Al Hajri, Governor of A'Dakhiliyah.

Held as part of Madayn’s Oman Manufacturing Group (OMG) series of events for the year 2022, the seminar aimed at highlighting the current investment climate in Nizwa Industrial City and elaborate on the future prospects and opportunities.

Speaking at the seminar, Ahmed Al Hajri, Director General of Nizwa Industrial City, emphasised that the manufacturing sector represents one of the key non-oil sectors identified by the Sultanate of Oman's government to boost economic diversification. “The contribution of non-oil sectors is expected to reach 90% of total GDP by the end of 2040,” Al Hajri said, adding: “The economic stimulus plan, approved by the Council of Ministers and endorsed by His Majesty Sultan Haitham bin Tarik, presents incentives to ensure economic growth rates of more than 2.5%.”

Al Hajri pointed out that the investment volume in A'Dakhiliyah Governorate has touched approximately RO 900 million, of which RO 600 million is the total investment volume of Nizwa and Samail Industrial Cities, representing 66% of the total investment volume in A'Dakhiliyah. The number of localised projects in these two industrial cities has reached nearly 300, which employ around 6647 of workforce.

On her part, Mariya Al Zadjali, Director of Strategic Planning and Corporate Performance Assessment at Madayn, briefed the audience on Madayn Vision 2040, which aims at creating world-class business cities while maintaining the Omani identity to contribute to economic growth. The vision revolves around promoting comprehensive and sustainable economic and social development through strengthening Public-Private Partnership, developing and operating business cities with integrated services, keeping pace with the variables and adopting best solutions and technologies to meet business requirements while conforming to the environmental standards.

--- Ends/AH