Tenders for two new industrial cities to be floated this year

February 03, 2019

The Public Establishment for Industrial Estates (Madayn) on Saturday announced that the tenders for the development of Shinas and Thumrait industrial cities will be floated during 2019.

“The tenders for developing Shinas and Thumrait industrial cities will be floated locally and internationally as investment opportunities in the development field,” Hilal bin Hamad al Hasani, chief executive officer of Madayn said in a press statement.

Hasani said that the public-private partnership (PPP) programme, which Madayn started to implement in 2018 was not a result of economic challenges, but a result of systematic work and efforts spanning nearly ten years. He said that Oman Investment and Development Holding Co (Mubadrah) represents the main pillar of Madayn’s PPP programme.

“The programme comprises the attraction of international developers to the new industrial cities in Oman. It also consists of provision of all the governmental services to the developers and investors. The work is currently advanced in all the programme’s stages and results will be announced once completed,” Hasani added.

He also confirmed that Madayn will launch this year the ‘Investment Window’ in all the industrial cities, which aims at completing investors’ transactions in a fast and effective manner within a relatively short period of time.

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