New issue of Duqm Economist Magazine highlights investments and economic growth in economic zones, free zones and industrial cities

MUSCAT - 6 October 2024

The Public Authority for Special Economic Zones and Free Zones (OPAZ) has released the 37th issue of the Duqm Economist Magazine, which discusses the key achievements and topics in these areas overseen by the Authority, focusing on efforts to enhance investment, localise projects and develop infrastructure and logistics services. 

Highlights of this issue include that investments in special economic zones, free zones and industrial cities have surpassed RO 20.1 billion by the end of H1 2024, reflecting a growth of 20 per cent compared to the same period last year. Among the new investments, the Special Economic Zone at Duqm (SEZAD) has achieved a cumulative investment growth of 55 per cent, bringing its total investment value to RO 2.1 billion.

The issue also featured a discussion with His Excellency Dr. Nasser bin Rashid Al Maawali, Undersecretary of the Ministry of Economy, who emphasises that the continuous government programs and initiatives contribute to attracting investments and opening new horizons for sustainable economic growth, thereby enhancing Oman Vision 2040 and its goals.

The magazine reviewed the Authority’s initiatives to improve services provided to investors, including the activation of digital transformation to facilitate investment processes and deliver services faster and more efficiently.

Highlighting the role of Omani women in the economy, the magazine reported that the number of Omani women employed in companies operating in special economic zones, free zones, and industrial cities reached 3,554, reflecting the growing role women play in these vital sectors.

Additionally, the issue included several diverse articles, including one titled “Green economy: Path to sustainable development,” another on “SEZAD and promising opportunities in localising manufacturing industries,” an article explaining “Innovative investment: Path to a sustainable and advanced economy,” and one on “Open data strengthens principle of transparency and innovation in Oman.”

The magazine also dedicated space to exploring developments in the food industries, highlighting 47 food projects in the Salalah Free Zone with investments exceeding RO 775.6 million. These projects include the manufacturing of food products such as tuna, fish, dairy and bottled water, strengthening Oman’s position as a major hub for food industries.

There are many more topics covered in the magazine’s pages, making it an important reference for investors and those interested in economic developments in the Sultanate of Oman.