Growing Investment Activity in Raysut Industrial City

26 Aug 2019
POSTED BY Basma Al Zadjali

(Photo courtesy of Oman Observer)

August 2019 , Muscat : A total of 32 investment applications on industrial, commercial and service activities were received during the first half of 2019. Among these 32 applications, nine projects have been localized, as revealed recently by the Public Establishment for Industrial Estates -Madayn.

Raysut Industrial City has witnessed growing investment activity during the past period, according to Hamad bin Hamoud Al Qasabi, Director General of Raysut Industrial City.

Al Qasabi stated that the study and analysis process of the remaining applications is underway before contracts get signed. Besides, many of the existing projects at Raysut Industrial City have received additional space, and they are currently working to expand their businesses and introduce new production lines.

The total investment in Raysut Industrial City touched RO 422,368,159 by the end of 2018, he added.

“We are working towards increasing this number further, taking into consideration the expansion of the operating companies and factories in terms of space, production lines and capital. All these factors are promising and reassure that their products are popular in the Sultanate as well as overseas markets,” Al Qasabi commented.

Al Qasabi also noted that Madayn is currently implementing the infrastructure development project of Raysut Industrial City (Raysut 2), which is estimated at a total cost of RO 4 million, and is being built on a land area of one million square meters.

The project includes the establishment of an integrated network of roads, pavements and drainage networks of 7.9 km; in addition to water networks of up to 8.3 km that includes irrigation systems.

The project also incorporates communication and gas networks, and a wastewater treatment plant with a capacity of 1,000 m3 per day.

“This project shall take into account the use of advanced technologies used for lighting, networks and service systems, and is expected to be completed by the end of 2020,” said Al Qasabi.

Al Qasabi elaborated that when Raysut Industrial City was inaugurated in 1992, its space was approximately one million sqm at that time. By the end of 2018, the total space stood at 3,810,479 sqm.

He also emphasized on the strategic location of Raysut Industrial City in Dhofar governorate, which gives it an access to the Gulf area and Yemeni and African markets.

“The ideal location of Raysut Industrial City gives it an adding value to attract more investments in various sectors, and most importantly, the industrial sector,” he stated.

He added that Raysut Industrial City, like the rest of the industrial cities pertaining to Madayn, aims at achieving objectives and strategies that support to achieve comprehensive and sustainable development in Dhofar governorate in particular.

“This is achieved through focusing on diversifying sources of national income, contributing to the national economy, providing job opportunities for the national Omani workforce, enhancing a trading environment with foreign markets, and taking advantage of the presence of strategic and major projects in Dhofar such as Port of Salalah and Salalah International Airport,” Al Qasabi remarked.

When speaking about the number of workforce in the various companies and factories based in Raysut Industrial City, Al Qasabi said that the total has touched 3,358 workers by the end of 2018, where around 800 are Omanis.

He emphasized that Madayn is undertaking constant efforts to provide job opportunities for the Omani workforce in coordination with the related bodies.

“Omanis are performing effectively in the production operations of industries such as pharmaceutical, food and engineering industries in the industrial city,” said Al Qasabi

The number of projects in Raysut Industrial City stood at 202 by the end of 2018, where 105 were productive projects, 50 were projects allotted with space, and 47 were under construction during that period.

“Thanks to the cooperation between Madayn and the related bodies, Raysut Industrial City has built an internal gas network and is providing adequate gas quantities to the industrial units operating within Raysut Industrial City as well as those operating outside the industrial city,” added Al Qasabi.

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