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Sur Industrial Estate investments top OMR2bn

The total volume of investments at Sur Industrial Estate surpassed OMR2.03 billion at the end of the first half compared with OMR2.02 billion in 2017, according to Eng. Abdullah Al Kaabi, Director General of Sur Industrial Estate.

Additionally, the number of projects being operated in the estate touched 145 at the end of this year’s first half compared to 135 in 2017, Al Kaabi said.

Al Kaabi was giving a brief on the latest developments at the estate and upcoming infrastructure projects, the newly launched brand of the Public Establishment for Industrial Estates (Madayn), and the new investment regulations.

He said that an increase was seen in the estate’s workforce number and touched 4,074 at the end of the third quarter of 2018 compared to 3,863 employees during the same period in 2017, with an Omanisation rate of around 51 per cent.

He confirmed that the completion rate at the project of developing consultancy services for the estate’s infrastructure – first phase —has touched up to 40 per cent.

An agreement was signed for the location of the investment window (Masar) at City Walk 3, and the tender for the implementation has been floated, he added. It should be noted that Masar aims at integrating the services provided by Madayn to investors directly, as well as services provided by other government bodies through one governmental platform for data exchange and completion of procedures.

Masar endeavours to provide a flexible, easy and transparent interaction between the business community and the government, besides providing a reliable and secure environment for companies to conduct day-to-day transactions with the bodies concerned.

Sur Industrial Estate, which pertains to the Public Establishment for Industrial Estates (Madayn), on Wednesday, honoured the estate’s small and medium, and large-scale industries that excelled in 2018 under the auspices of Sheikh Abdullah bin Mustahil bin Salim Shammas, Governor of South Al Sharqiyah Governorate. The event was held in the presence of Madayn’s CEO Hilal bin Hamad Al Hasani and a number of investors and business owners in the estate.

The event’s chief guest stressed on the key role played by Madayn in supporting and advancing the national economy in line with the Sultanate’s current and future strategies.

“Madayn, represented by Sur Industrial Estate, is of great importance to South Al Sharqiyah Governorate through boosting the investment movement, providing job opportunities, in addition to the various value added services offered by Madayn through its investment arm – Shumookh Investment and Services SAOC – for citizens and residents in the estate, such as commercial centres and entertaining facilities,” said Sheikh Abdullah bin Mustahil bin Salim Shammas.

Source Link: timesofoman.com

  • Sur Industrial Estate
  • Investments
  • Projects
  • Infrastructure
  • Madayn
  • Oman
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