Nizwa Industrial City Signs Contract for Chemical Mixing and Equipment Maintenance Project
A Significant Boost to the Local Economy
Nizwa Industrial City recently signed a long-term investment usufruct contract. The city operates under the Public Establishment for Industrial Estates, known as Madayn. The new agreement establishes a specialized chemical mixing and equipment maintenance project. This exciting development represents an investment exceeding 4 million Omani riyals. The facility will cover an expansive area of more than 25,000 square meters. It will contribute beautifully to enhancing industrial activities related to the energy sector.
Attracting Quality Investments to the Region
The project helps localize specialized services within the Al Dakhiliyah Governorate. It actively supports local added value and vibrant industrial activity in the region. This initiative aligns perfectly with Madayn’s continuous efforts to attract quality investments. The organization strives to provide an integrated industrial environment for businesses. This environment supports economic diversification and the steady growth of the industrial sector. Abdullah bin Saeed Al Balushi signed the contract for Nizwa Industrial City. Mohammed bin Hamad Al Junaibi represented the executing company during the signing.
Creating New Opportunities for the Community
The Director General noted that the project represents a qualitative regional addition. It provides significant added value and contributes to creating valuable job opportunities. The facility diversifies the industrial activities available to the local workforce. Nizwa Industrial City signed over 17 investment contracts during the first half alone. These brilliant projects cover diverse industries including medical supplies and plastics. The Omanization rate in the city currently exceeds 45 percent of the workforce. This wonderful statistic reflects a strong commitment to employing Omani talent.
Keep up with the latest positive developments in the national economy. Read more encouraging business news like these at Oman Day.
tag: nizwa-industrial-city , madayn , oman-economy , oil-and-gas , business-investment
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