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OPAZ Joins World Free Zones Organization: What This Means for Business Growth and Investment Opportunities in Oman

OPAZ Joins World Free Zones Organization: What This Means for Business Growth and Investment Opportunities in Oman

MUSCAT, JULY 31 – The Public Authority for Special Economic Zones and Free Zones (OPAZ) has formally joined the World Free Zones Organization (WFZO), a global non-profit entity dedicated to the advancement and support of free and economic zones worldwide. The WFZO represents over 1,600 zones and economic institutions spanning more than 140 countries.

This membership reflects OPAZ’s strategic commitment to boosting the competitiveness of the special economic zones, free zones, and industrial cities under its jurisdiction. It also aims to enhance the international promotion of these zones as premier investment destinations recognized for their flexibility, readiness, and advanced infrastructure, thereby reinforcing Oman’s global presence in this sector.

By joining WFZO, OPAZ seeks to foster knowledge exchange and implement best practices in collaboration with leading international partners. The membership is expected to improve operational efficiencies and enhance promotional and marketing strategies, supporting efforts to attract high-quality investments and projects with significant added value.

Through this international collaboration, OPAZ aims to expand its economic network and leverage global trends in the management and development of special economic zones, free zones, and industrial cities. Notably, Oman currently hosts 23 active special economic, free, and industrial zones, with total investments reaching approximately RO 21 billion as of the end of 2024.


Special Analysis by Omanet | Navigate Oman’s Market

OPAZ’s membership in the World Free Zones Organization marks a strategic leap for Oman’s economic zones, positioning them on the global investment map. This move offers businesses in Oman enhanced opportunities for international collaboration, knowledge exchange, and access to best practices, driving higher operational efficiency and attracting quality investments. Smart investors and entrepreneurs should now consider leveraging this enhanced global network to capitalize on Oman’s growing infrastructure and competitive advantages in its 23 active economic zones, which collectively boast over RO 21 billion in investments by 2024.

Oman Market

The Omanet Research Desk is a collective of specialized journalists, market analysts, and industry contributors, each with expertise in their respective fields, from banking and energy to property and tourism. Our mission is to provide accurate, timely, and actionable reports on the trends shaping the Omani market. Every article is the result of collaborative research, meticulous fact-checking, and a commitment to delivering insights that empower our readers to make informed decisions.

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