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Oman Business News

Salalah Freezone signs deals for $80mn worth of Foreign Investments

The Salalah Free Zone (SFZ) on Sunday announced that it has signed three usufruct agreements for foreign investment to manufacture solar panels and gypsum boards.

The total investment in these three projects together could be around US$80mn, SFZ said.

Commenting on the development, Ali bin Mohammed Tabuk, chief executive officer of Salalah Free Zone, said that the zone has attracted three new foreign investments, one from the United States of America for the manufacturing of solar panels, and two investments are for manufacturing gypsum boards for international brands.

According to him these projects will have the potential to generate more than 250 new jobs for citizens.

He also announced that a new package of foreign direct investments is being launched and will be announced in the coming months.

Tabuk said that the Salalah Free Zone has established Mazaya Logistics Station with a storage area of 34,000sq m for facilitating import and export, and said these warehouses are characterised by international standards.

Source Link: muscatdaily.com

  • Salalah Free Zone
  • Usufruct Agreements
  • Foreign Investment
  • Solar Panels
  • Gypsum Boards
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