Suhar Industrial City inks 4 investment contracts worth over RO 17 million

MUSCAT : The four agreements, covering a combined area exceeding 55,000 square meters, will pave the way for the establishment of projects spanning various sectors.

The first contract, with an estimated investment of RO 12 million, was signed with the United Feed Company to establish a project specialized in manufacturing pet feed on an area of 22,500 square meters.

The second contract, with RO 3.7 million as investment, was signed with Sedra International Industries Company to establish a factory specialized in the manufacture of plastic raw materials; the project will cover an area of 11,757 square metres.

The third pact, with Omran White Cement Company, involves establishing a cement manufacturing project covering 11,250 square metres, backed by an investment of RO 1 million.

The fourth contract, signed with Al Madina Food Industries to establish a project of tea blending and packaging factory, will span 4,910 square metres and involve an investment of RO 850,000.

The signed contracts enhance Madayn’s objectives of attracting and localising investments, creating jobs for local talent, and promoting export-oriented industries, aligning with Oman Vision 2040.

The agreements were inked on the sidelines of the ongoing Sohar Investment Forum, inaugurated today in Sohar, North Al Batinah Governorate. The forum serves as a platform to showcase investment opportunities and foster partnerships in the region’s industrial sector.

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The post Suhar Industrial City inks 4 investment contracts worth over RO 17 million appeared first on The Arabian Stories News.

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