Strong growth in cargo volumes handled by Al Mazunah Inland Port omanobserver.om - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omanobserver.om Daily Mail and Mail on Sunday newspapers.
Sohar Freezone Phase 2 targets plastics, steel investments
Muscat, Oman, 6 hours, 20 minutes ago Having already secured tenants for a sizable part of Phase 1 of its sprawling development, Sohar Freezone has opened up a new phase for investment, this time with an eye on businesses that will capitalise on an array of mega projects operating at the adjoining industrial port, according to a report by
Oman Observer. Sohar Port currently hosts large-scale chemical, petrochemical, refining and metal industries, in addition to a nascent agro-foods cluster, that collectively open up wide opportunities for investment in downstream processing and value-added activities within the nearby free zone.
Work on $48m food hub on track at Salalah Free Zone
MUSCAT, 2 hours, 17 minutes ago Construction work on a new $48 million food processing cluster in Salalah Free Zone will start before the end of this year on a 51,000-sq-m site earmarked for \food-related investments, a report said. Centring around a flour mill operation, the cluster will also include an animal feed mill and fish processing plants, reported
Oman Observer, citing a report in Duqm Economist, the quarterly newsletter of the Public Authority for Special Economic Zones and Free Zones (OPAZ). Industrial-scale food hubs are in various stages of planning and development in Sohar Freezone, Muscat International Airport Free Zone, Khazaen Economic City and Duqm Special Economic Zone, besides Salalah Free Zone. In all five locations, the hubs are expected to capitalise on sea-to-air capabilities to target overseas markets.
By: Times News Service
A virtual meeting of the Ministry of Commerce, Industry and Investment Promotion and the Foreign Ministry was held with the ambassadors of the Sultanate to the GCC states and African countries on Wednesday.
Muscat: Oman’s economic stimulus plan is aimed at improving the business environment, attracting foreign investment and alleviating the impact of COVID-19 on the national economy.
A virtual meeting of the Ministry of Commerce, Industry and Investment Promotion and the Foreign Ministry was held with the ambassadors of the Sultanate to the GCC states and African countries on Wednesday.
In the meeting, economic developments in the country, prerogatives and services of the Ministry of Commerce, Industry and Investment Promotion, as well as incentives and investment opportunities available in Oman were discussed.