By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
  • World
  • Business
  • Technology
  • Sports
  • Lifestyle
Search
Countries
More Topics
  • Health
  • Entertainment
Site Links
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Investments in Ibri Industrial City exceed OMR14 million by mid-2024.
Share
Notification Show More
Latest News
BDY | CTRL Announces Pre-Launch of a New Kind of Shapewear — One Designed Around How Women Feel
Lifestyle
Four Points by Sheraton Unveils an Immersive Ramadan Experience with Curated Iftar Offerings
Lifestyle
McGettigan’s Introduces Ramadan-Friendly Post-Iftar Gatherings at Four Points by Sheraton Production City
Lifestyle
India’s Delivery Workers Were Promised a Ladder, but Many Still Feel Stuck on a Treadmill
Business
More Learners Turning to Online Practice Tests Before Taking the DMV Written Exam
Business
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Search
  • Home
  • Gulf
  • Business
  • More News
    • World
    • Technology
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Investments in Ibri Industrial City exceed OMR14 million by mid-2024.
Business

Investments in Ibri Industrial City exceed OMR14 million by mid-2024.

News Room
Last updated: 2024/08/24 at 2:15 PM
News Room
Share
5 Min Read
SHARE

Ibri Industrial City in Muscat, operated by the Public Establishment for Industrial Estates, has seen significant progress in its development with total investments exceeding OMR14 million by the first half of 2024. Fourteen projects have been successfully localized within the city, with one project already in the production phase, and four others under construction. Additionally, nine projects have been allocated land for future development. The number of employees in the industrial city has also increased to 20, showing promising growth and potential for further expansion.

Salah bin Nasser Al Alawi, the Director General of Ibri Industrial City, stated that Madayn has completed the first phase of infrastructure development within the industrial city. Out of the total 10 million square meters allocated for Ibri Industrial City, 3 million square meters have been developed in the first phase, including essential roadworks, service network installations such as sewage and rainwater networks, as well as the use of sustainable alternative energy for lighting poles. The city aims to host a variety of industrial, commercial, and service activities, with a focus on industries such as food, paper, and equipment maintenance related to the oil and gas sector. Plans also include the establishment of a commercial area, administrative offices, logistics warehouses, a commercial strip, and a residential area for workers.

An integrated station project is currently underway at Ibri Industrial City, which will include a fuel filling station, a rest stop, and a truck and car service station. This project is aimed at providing essential services for companies, workers, nearby residential neighborhoods, and visitors traveling through the international road leading to the Rub’ al-Khali border crossing with Saudi Arabia. The city is also committed to environmental sustainability, with the recent planting of approximately 500 trees from the Omani environment in collaboration with the Environment Authority in Al Dhahirah Governorate. Ibri Industrial City plans to focus on increasing green spaces in the future to enhance the overall environmental quality of the industrial area.

The strategic location of Ibri Industrial City, at the intersection of key trade routes between the East and the West, presents a unique advantage for investors looking to tap into the region’s economic potential. The city’s proximity to border crossings with Saudi Arabia and the United Arab Emirates further enhances its appeal as a hub for industrial and commercial activities. With the recent opening of the infrastructure project in late February 2024, Ibri Industrial City is now open for investment opportunities, offering a promising landscape for businesses seeking to establish or expand their presence in the region. As the city continues to grow and develop, it is poised to become a key player in driving economic growth and prosperity in the region.

In conclusion, Ibri Industrial City in Muscat has achieved significant milestones in its development, with total investments surpassing OMR14 million by the first half of 2024. The success of the industrial city is evident in the localization of 14 projects, the expansion of the workforce to 20 employees, and the completion of essential infrastructure works in the first phase of development. With a focus on diverse industrial, commercial, and service activities, Ibri Industrial City is poised to attract investors looking to capitalize on its strategic location and promising economic prospects. The city’s commitment to environmental sustainability and enhancing green spaces further underscores its dedication to creating a vibrant and sustainable industrial hub. As Ibri Industrial City continues to evolve and welcome new investments, it is set to play a pivotal role in driving economic growth and development in the region.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room August 24, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Hawar to Get New 2 Million Gallons per Day Desalination Plant
Next Article Renowned Indian musician to perform at Royal Opera House Muscat in 2024/25 season
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

BDY | CTRL Announces Pre-Launch of a New Kind of Shapewear — One Designed Around How Women Feel
Lifestyle February 23, 2026
Four Points by Sheraton Unveils an Immersive Ramadan Experience with Curated Iftar Offerings
Lifestyle February 23, 2026
McGettigan’s Introduces Ramadan-Friendly Post-Iftar Gatherings at Four Points by Sheraton Production City
Lifestyle February 23, 2026
India’s Delivery Workers Were Promised a Ladder, but Many Still Feel Stuck on a Treadmill
Business February 19, 2026

You Might also Like

India’s Delivery Workers Were Promised a Ladder, but Many Still Feel Stuck on a Treadmill

February 19, 2026
Business

More Learners Turning to Online Practice Tests Before Taking the DMV Written Exam

February 19, 2026
Business

Professional Architectural Rendering of Shopping Malls in Riyadh

February 18, 2026

Sara Hassan | Marketing Manager & Project Management Leader (Strategic Growth | Operational Excellence | UAE Market Expert)

February 18, 2026

WorldLink Launches Next-Generation Digital Corridor Connecting Europe, the Middle East, and Asia

February 17, 2026
Business

ECOVIS JRB, Tax Star hosts CFO forum on practical compliance readiness in the UAE

February 7, 2026
Business

US trade deal finalised, removes uncertainty; details awaited on farm access: DEA Secy

February 3, 2026
Business

Abu Dhabi plans Mussafah upgrade

February 3, 2026
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?