Samail Industrial City, an affiliate of the Public Establishment for Industrial Estates (Madayn), recently signed three new investment contracts in Muscat with a total value exceeding OMR8 million. These projects will focus on water desalination, building materials, and plastics, covering a total area of approximately 50,000 sqm. The aim of these projects is to create job opportunities for local workers and provide high-quality products to both local and international markets using advanced technologies to drive economic growth.
The first agreement was signed with Tasnee Metal Company to establish a project for manufacturing water treatment and desalination equipment on a plot covering 10,045 sqm with an investment of OMR4,850,000. The second contract, with Prism Global Company, will focus on manufacturing gypsum, cement, and adhesives on a 19,865 sqm area with an investment of OMR1,800,000. Lastly, the third agreement with Future for Plastic Industries will involve setting up a project for manufacturing plastic and rubber products with an investment of OMR1,400,000 on a land area of 20,000 sqm.
These projects in Muscat are expected to contribute significantly to the national economy by creating employment opportunities for national cadres and providing top-notch products to local and international markets. The focus on utilizing cutting-edge technologies highlights the commitment to producing high-quality goods that meet global standards. By localizing projects in the fields of water desalination, building materials, and plastics, these investments aim to boost the industrial sector in Oman and enhance the country’s competitiveness in the global market.
The commitment of Samail Industrial City to promoting industrial development in Muscat is evident through these new investment contracts. By partnering with companies like Tasnee Metal Company, Prism Global Company, and Future for Plastic Industries, the city is paving the way for sustainable growth in key sectors. These projects not only create job opportunities but also contribute to the development of the industrial infrastructure in Oman, ultimately driving economic progress and prosperity for the nation.
With a total investment value exceeding OMR8 million, these projects represent a significant milestone in the industrial sector in Muscat. The focus on water desalination, building materials, and plastics underscores the importance of diversifying the economy and leveraging the strengths of different industries. By investing in projects that cater to both local and international markets, Samail Industrial City is positioning itself as a hub for innovation and excellence in manufacturing, helping to establish Oman as a competitive player in the global market.
In conclusion, the signing of these three new investment contracts in Muscat highlights the commitment of Samail Industrial City to promoting industrial growth and economic development in Oman. With a total investment value exceeding OMR8 million, these projects in water desalination, building materials, and plastics are set to create new job opportunities and drive economic growth. By partnering with leading companies in these sectors, the city is positioning itself as a key player in the industrial landscape in Oman, paving the way for sustainable development and prosperity for the nation.
