Madayn organises 3-day promotional campaign in China
The Public Establishment for Industrial Estates (Madayn) will conclude a three-day promotional campaign in Guangzhou, China today.
The campaign was organised in cooperation with China’s Ministry of Commerce to generate awareness on the available investment opportunities in Oman in general and the industrial cities under Madayn in particular.
Addressing the audience at China Guangdong ‘Belt and Road’ Opportunities and Challenges Seminar, Hilal bin Hamad al Hasani, CEO of Madayn, said, “The journey began with Al Rusayl Industrial City in Muscat, and today Madayn is managing and operating seven industrial cities in addition to Knowledge Oasis Muscat and Al Mazunah Free Zone. The total area of the industrial cities of Madayn has touched more than 100mn sqm.”
Khalid bin Sulaiman al Salhi, director of marketing and promotion at Madayn, highlighted the available investment opportunities in the various industrial cities under Madayn, and the incentives and facilities offered to the investors. Such incentives include exemption from tax on net profit for a period of five years for industrial projects, exemption from customs duties and taxes on production inputs and provision of developed and equipped lands with basic services.
Al Salhi also noted that a plan will be developed to schedule a visit of Chinese businessmen wishing to invest in Oman.