Al Buraimi Industrial City, affiliated with the Public Establishment for Industrial Estates “Madayn”, has signed an investment contract with Sohar steel and Billet Company to establish an integrated industrial project for the production of steel, as well as the manufacturing of aluminum and non-ferrous metal sheets and profiles.
The project will be built on an area of 36,000 square meters with a total investment of 10 million Omani rials. Saeed bin Abdullah Al Balushi, General Manager of Al Buraimi Industrial City, stated that this project comes within Madayn’s efforts to localize specialized industries that contribute to creating job opportunities for national talent and to developing the industrial sector in Al Buraimi Governorate, thereby supporting the diversification of the national economy.
Al Balushi added that the contract signing is part of a national strategy to attract more industrial investments and encourage projects based on modern technologies, which will contribute to achieving sustainable industrial transformation and promote economic growth in the Sultanate of Oman.
It is noteworthy that the total investments in Al Buraimi Industrial City reached more than 287 million Omani rials by the end of the first half of this year, with 1,645 investment contracts covering an area exceeding 1.7 million square meters, in addition to more than 4.4 million square meters of leasable land.
