The Public Authority for Special Economic Zones and Free Zones organises its annual media briefing
Muscat: May 7, 2023
The Public Authority for Special Economic Zones and Free Zones (OPAZ) organised its annual media briefing on May 7th, 2023 in presence of HE Dr. Ali bin Masoud Al Sunaidy, Chairman of OPAZ, Eng. Ahmed bin Hassan Al Dheeb, Deputy Chairman, CEOs of the special economic zones and free zones, other officials and media representatives.
During the event, OPAZ presented key achievements of 2022 of OPAZ and its affiliated zones in different related sectors. It also disclosed its strategy and objectives for the current year 2023, the main projects and accomplishments in the different special economic zones and the free zones.
Further, OPAZ demonstrated its plans and strategy in line with Oman Vision to boost investment opportunities and attract foreign investments in the special, free and economic zones, to create an attractive environment conducive for investments that contribute to achieving competitiveness of the zones globally and regionally, and to maximising the role of small and medium enterprises as an essential part in the implementation of government and private sectors projects in these zones.
Moreover, OPAZ officials highlighted the 21 zones affiliated to OPAZ, including (13) existing zones that are the Special Economic Zone in Duqm, (3) three free zones (Sohar, Salalah and Al Mazunah, and other (9) economic zones under the Public Establishment for Industrial Estates (Madayn), while (8) other zones are still under development (two of which are economic and one is a free zone), in addition to (5) industrial zones in various parts in the Sultanate of Oman.
Volume of Investments
The Public Authority for Special Economic Zones and Free Zones (OPAZ) revealed that the volume of investment in all its affiliated zones amounted to RO 15.2 billion by the end of 2022, with a growth rate of 6%, while the total area of the zones exceeded 2200 square kilometres. In addition, the total usufruct agreements signed during the same year reached over 130 agreements, the number of workers in the special economic zones and free zones stood at 74,663 workers, while the investment requests exceeded 600 and the number of projects are 3246 projects in all zones.
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