Muscat, Said bin Abdullah al-Balushi,
Supervisor of Business Processes of Al Mazunah Free Zone said that
the number of the operating projects has touched 197 by the end of
November 2018 in the free zone, which falls under the umbrella of the
Public Establishment for Industrial Estates “Madayn”.
He added, Al Mazunah Free Zone has received 46 new
investment applications, which are currently under review and study.
He also said, The free zone has contributed to the formation of small
and medium enterprises for the citizens in the Wilayat of Al Mazyunah.
Around 14 SMEs were established in the fields of import, export,
shipping, unloading, construction, hospitality and public services”.
Additionally, the free zone has provided 60 job opportunities for
the national cadres in the operating body of the free zone, investing
companies and the developer Golden Hala Company.
Al Balushi also added that Madayn is currently working on a
number of projects including phase one of developing the free zone
(second package), phase two, transmitting electricity to the leased
companies (cables and transformers), and the broadband project.
As per the electronic system adopted by Al Mazunah Free Zone
to manage the movement of exported and imported goods, the volume
of imported goods to the free zone has touched 155,666 tons by the
end of November 2018. The number of imported vehicles, machinery
and equipment has amounted to 7739 during the same period.
Madayn undertakes constant efforts to promote Al Mazunah Free
Zone among investors through organising several events that highlight
the available investment opportunities in the free zone and the role
played by its strategic location in contributing to the regional and
international trade and investment movement, al-Balushi stated.
He added that these efforts come in line with Madayn’s vision to
enhance the Sultanate’s position as a leading regional center of
manufacturing, ICT, innovation and entrepreneurship excellence, and
its mission to attract industrial investments and provide continued
support, through regionally and globally competitive strategies, good
infrastructure, value adding services, and easy governmental
processes. The efforts also come in line with Madayn’s objectives,
which include attracting foreign investments to the Sultanate and
localizing the national capital; contributing to stimulating the private
sector to achieve sustainable economic and social development;
achieving environmental sustainability, and contributing to the creation
of new job opportunities for the national cadres.
Al Mazunah Free Zone was established under the Royal Decree
No. 103/2005 to operate under the management of the PEIE.
Source: Oman News Agency