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Rusayl Industrial City attracts RO 49 million investment in 2024
Rusayl Industrial City attracts RO 49 million investment in 2024

Observer

time3 days ago

  • Business
  • Observer

Rusayl Industrial City attracts RO 49 million investment in 2024

MUSCAT: Rusayl Industrial City, part of the Public Establishment for Industrial Estates (Madayn), signed 17 new contracts in 2024 for projects covering over 235,000 square metres, with total investments exceeding RO 49 million. The projects span industrial, logistics, and service sectors. Engineer Fahad bin Nasser al Abroui, Acting CEO of Rusayl Industrial City, stated that total accumulated investments in the city had surpassed RO 767 million by end-2024. The industrial city, spanning roughly 11 million square metres, hosts diverse sectors including chemicals, electrical goods, construction materials, fibre optic cables, food, textiles, stationery, dyes, filtration systems, and furniture. Al Abroui noted ongoing key projects, including the infrastructure works for the Madayn Pioneering Complex, developed in partnership with the Authority for SME Development, across more than 60,000 square metres. This initiative aims to create a fully serviced SME zone, with subdivided workshops of 500 square metres each. Additionally, a consultancy project is underway to address stormwater drainage challenges, including new roadworks to improve access to leased plots and other urban enhancements. Further initiatives include the redesign of the commercial area to house more retail units catering to investors and visitors. Among the upcoming projects is the establishment of an integrated facility to support food security, in coordination with the Ministry of Agriculture, Fisheries and Water Resources. Another planned project will focus on reusing treated wastewater for cooling and industrial purposes. Al Abroui also confirmed that beautification work on the city's main entrance will be completed by year-end. Since its inception in 1983, Rusayl Industrial City has served as a key enabler of Oman's economic diversification strategy. Its 'Masar' one-stop service centre simplifies investor procedures by streamlining approvals, permits, and licences — creating an integrated, investor-friendly environment aligned with Oman Vision 2040. — ONA

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