Oman’s Industrial Parks Authority (Madain) has signed three investment agreements to localize new industrial projects in the polyethylene terephthalate (PET) sector, spanning recycled plastics, oil refining and polymer processing.
These localized projects will be developed over a total area of more than 11,000 square meters at the Al Suwaiq Industrial City facility, with a total initial investment of R1.6 million ($4.14 million), Madain said in a statement.
Al Suwaiq Industrial City, located in Al Batinah North Governorate, is the latest industrial city announced by Madain under its phased development plan (2026-2030).
The company said it is currently evaluating bids submitted by participating companies for the infrastructure and public works tender for the first phase of Al Suwaiq Industrial City.
The scope of work includes the construction of the company’s road network, water and sewage networks, and other critical facilities and services, senior company executives said at a signing ceremony witnessed by the engineering CEO. Dawood bin Salim Al Hadabi.
The tender also includes the establishment of several greenhouse units to implement modern agri-technological solutions, thereby contributing to food security and supporting agricultural investments and related industries. Implementation work is expected to begin in 2026, they said.
Al Suwaiq Industrial City represents a qualitative addition to Madain’s industrial city network by offering promising investment opportunities and competitive incentives, contributing to the creation of direct and indirect jobs for the population, enabling entrepreneurs to set up innovative businesses, and supporting the growth of non-oil revenues.
Madain said the city will play an important role in reducing geographical disparities in investment distribution, as Al Batinah North Governorate is a strategic hub with robust logistics and human capital advantages.
Ensuring the availability of infrastructure resources and support services remains essential to sustain industrial and agricultural growth, foster economic diversification, and strengthen a stable and integrated investment environment that supports the goals of Oman Vision 2040, he added. -TradeArabia News Service
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