Suhar Industrial City Welcomes Six New Projects: What This Means for Investment Opportunities and Business Growth in Oman
Suhar Industrial City, under the Public Establishment for Industrial Estates (Madayn), has recently secured six new projects with a combined investment exceeding RO 27 million. These projects will be developed across more than 162,000 square meters, covering sectors including oil, steel, food, marble, tile, and wood industries.
A major investment agreement was signed with the National Petrochemical and Investment Company to establish an oil industry project valued at RO 25 million on a 125,000-square-meter site. Additionally, two agreements were finalized in the steel sector: one with Sultan Al Shidi Engineering Projects, for a specialized steel industry project worth RO 1 million on 3,843 square meters, and another with Iron Trading and Investment for a steel industry project valued at RO 600,000 on 8,760 square meters.
Furthermore, Suhar Industrial City signed an agreement with Asas International to develop a marble and tiles project with an investment of RO 400,000 on 1,000 square meters. An investment agreement was also made with Al Rawdha International Business for a food industry project exceeding RO 150,000 on 2,688 square meters. Lastly, an agreement was signed with United Wooden Platform Company to establish a wood industry project with an investment of RO 150,000 on an 11,250-square-meter area.
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The recent influx of over RO 27 million in diverse industrial projects at Suhar Industrial City signals a robust expansion in Oman’s industrial sector, particularly in oil, steel, food, marble, tile, and wood industries. For businesses, this presents significant opportunities for partnership and supply chain integration, while smart investors should consider the growing industrial diversification as a hedge against sector-specific risks, positioning themselves early in emerging market segments.
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