Salalah Free Zone signs 5 agreements worth RO 44 million

MUSCAT : The first agreement was signed with Naseem Salalah Trade and Processing Industries to establish tissue producing factory with an investment size of RO 38 million; and the second was signed with the Kuwaiti Engineering Industries Company to establish a factory for the production of air conditioning units under the brand ‘Moraya’, with an investment size of RO 4.56 million and a production capacity of 90,000 air conditioning units annually.

The third agreement, signed with Tawfeeq Medical Supplies Company from Jordan, will establish a factory for the production and packaging of sugar strips, with an investment size of RO 760,000 and a production capacity of up to 100 million glucose test strips annually.

The fourth agreement was signed with Wadi Hawjar from Oman to establish a factory for mixing and producing raw materials from frankincense derivatives and packing products such as soap, frankincense oil and other products. This project will be undertaken with an investment size of RO 247,000.

The fifth agreement, signed with Green Stream Solution Company from Hong Kong to establish import, re-bagging, and an export company for potash fertilizers, embodies the enhancement of sustainable business practices and global partnerships. It comprises an investment of RO 57,000.

These five new agreements reflect Salalah Free Zone’s commitment to enhancing economic growth and providing diverse and viable investment opportunities.

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The post Salalah Free Zone signs 5 agreements worth RO 44 million appeared first on The Arabian Stories News.

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