Statistics released by the end of 2019 indicate that the total investment volume in the industrial cities pertaining to the Public Establishment for Industrial Estates – Madayn increased to RO 6.67 billion (USD 17.3 billion) by the end of 2019, marking a growth rate of 1.54 per cent compared to the same period in 2018. The foreign capital accounts for more than 48 percent of the investments. The total number of companies and factories operating in Madayn’s industrial cities has touched 2,313 by the end of 2019. More than 61,000 manpower work in these industrial cities, with an Omanisation percentage touching 34 percent.
Since its establishment in 1993, the Public Establishment for Industrial Estates – Madayn has contributed to the development of Oman’s economy and the industrial sector. Today, Madayn manages and operates eight industrial cities in Suhar, Raysut, Nizwa, Sur, Al Buraimi, Al Rusayl, Samail, Ibri in addition to the Knowledge Oasis Muscat, the flagship technology park in the country, and Al Mazunah Free Zone.
Madayn has officially begun the establishment process of Ibri Industrial City in the wilayat of Ibri in Al Dhahirah governorate on a total land area of 10 million square meters. Located on the road leading to the border between Oman and Saudi Arabia, Ibri Industrial City aims to bring together a variety of industrial, commercial and service activities including light and medium industries, commercial establishments, administrative offices, industrial workshops and warehouses.
In addition to Ibri Industrial City, Madayn has also announced three new industrial cities in Thumrait in Dhofar governorate, Shinas in North Al Batinah governorate, and Al Mudhaibi in North Al Sharqiyah. A new industrial city is also forthcoming within the industrial and logistics complex in Marmul to represent a fruitful cooperation between Madayn and Petroleum Development Oman (PDO). According to the signed agreement, Madayn will finance, develop, operate and attract investments to latter industrial city in the oil and gas sector.
2040 Vision
Madayn has developed its 2040 Vision to be in line with the objectives of Oman 2040 Vision by acting as one of the key players in the Sultanate’s industrial development process. Madayn aims to play a major role in supporting Oman’s economic diversification and growth as well as be along the lines of the national priorities of Oman 2040 vision. Madayn Vision 2040 emphasises on the significance of enhancing the quality of services in Madayn’s world-class business cities and maintain the national identity.
Madayn Vision 2040 shall be achieved by contributing to sustainable economic and social development and encouraging Public-Private Partnership to help develop, manage and operate the business cities. It is worthwhile to mention that Madayn follows live-work-play development model, which emphasises on the key role played by social infrastructure, sustainable development and PPP, and underlines the opportunities for private investments in infrastructure development through Build–Operate–Transfer (BOT) model.
Madayn shall continue with its vision of enhancing Oman’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission of attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value-adding services, and easy governmental processes.
Investment Opportunities
Through its investment arm – Shumookh Investment and Services, Madayn works closely with local and international partners to develop new and innovative projects that will result in the growth of industries in the Sultanate. Moreover, Madayn focuses on the PPP approach through Oman Investment and Development Holding Company (Mubadrah), which was established to develop, manage and operate the existing industrial cities as the main developer, and attract local and international developers as key operators of the new industrial cities.
Madayn aims at attracting local, regional, and foreign investors to set up their businesses within its industrial cities in various areas such as food processing, pharmaceuticals, mineral processing, plastic industry, medical equipment, electronic industry, packaging industry, paper products, automotive industry, furniture, textile and garments, electrical products, solar energy, downstream petrochemical products, building materials, chemical industry, and ICT. Madayn also welcomes private investments in social infrastructure such as residential complexes, hospitals and clinics, hotels, food courts, sports centers, schools and colleges, transport and parking, and shopping centers.
Author Details:
Hilal bin Hamad Al Hasani
CEO of Madayn
