Muscat: Asyad Group has announced the operational readiness of Muscat Airport Free Zone, aimed at attracting global companies and promising economic projects. The zone will open opportunities for collaboration and partnerships with the private sector, while integrating the logistics solutions offered by Asyad Group to efficiently connect the Sultanate of Oman with global and international markets.
According to Oman News Agency, Asyad has signed its first usufruct agreement with Nama Real Estate Company to develop, manage, and operate a business complex spanning 25,000 square meters within the free zone. This marks the actual launch of investments and projects in the zone, operating within a business environment directly linked to the integrated global logistics services provided by the Group. These services include free zones, economic cities, ports, and maritime and land transport networks, offering investors operational integration that enhances supply chain efficiency and connects various logistics services into a single ecosystem.
The project aims to establish a modern business complex featuring smart offices and integrated workspaces, supporting the needs of regional and international companies while enhancing the free zone's readiness to attract corporate headquarters and investment services from global firms. This agreement follows the completion of the first phase of development at Muscat Airport Free Zone, which spans an area of 400,000 square meters. Works included the implementation of key infrastructure such as internal road networks, water, electricity, and telecommunications facilities, in addition to the construction of a services building to streamline procedures and services for investors.
The first phase is also characterized by high traffic fluidity for entry and exit to and from the free zone, its direct connection to major road networks and strategic location adjacent to Muscat International Airport. This enhances operational movement efficiency and enables rapid connectivity to regional and global markets.
Faisal Ali Al Balushi, Senior Executive Director of Muscat Airport Free Zone at Asyad Group, explained that partnership with the private sector represents a cornerstone in building a world-class logistics and investment ecosystem originating from the Sultanate of Oman. He noted that this project with Nama Real Estate Company embodies this vision and supports the zone's ongoing efforts to achieve the objectives of the Oman Investment Authority and the economic diversification goals of Oman Vision 2040.
This project is part of Muscat Airport Free Zone's efforts to strengthen its position as an integrated regional hub for business and logistics services. This is achieved by providing a modern investment environment with competitive incentives, including 100 percent foreign ownership, customs and tax exemptions, and a one-stop-shop system to facilitate procedures.
The zone continues to develop an integrated business ecosystem targeting sectors such as e-commerce, logistics, pharmaceutical industries, precious metals, and aviation-related services. It capitalizes on its strategic location near Muscat International Airport and its ability to efficiently connect investors with regional and global markets.
Investors will benefit from a package of exceptional incentives, including 100 percent foreign ownership, exemption from customs duties on imports and exports, tax exemptions, as well as a one-stop-shop system for completing procedures and obtaining licenses. These advantages enhance the zone's readiness to attract high-value investments and provide an integrated business environment that supports the growth and expansion of companies.