It additionally shed mild on
the aggressive fee of the loose quarter, the
appealing incentives provided, wealthy resources
of uncooked substances and the benefits of
the loose alternate settlement among the
Sultanate and USA. Sohar, Oman
Omar bin Mahmoud Al Mahrizi, CEO of Sohar
Free Zone, remarked that the investments
extent withinside the current initiatives stands
at RO 353 million (equal to $918
million), aside from the investments spared
for setting up and enhancing the Zone`s
infrastructure. This yr the
Zone signed a leasing settlement with Eagle
Ceramics to set up a sophisticated manufacturing facility
for generating ceramics over a place of
20,000 square with a fee of $1.
Promotional and advertising efforts
Sohar Free Zone is making awesome efforts
in selling its competencies so as to
accommodate numerous funding initiatives. This will definitely
beautify the neighborhood economic system cycle and neighborhood
brought price. As well, they
offer operational offerings, which could
be furnished through the businesses operating
withinside the Sultanate. Diversity of initiatives
The CEO of Sohar Free Zone emphasised
that the Zone enjoys a range of current
initiatives, wherein many sectors flourish, such
as logistics, easy power, iron, metal and
minerals, chemical substances and textiles.
Contributing to economic
diversification it.
“We currently signed an settlement to
set up a manufacturing facility for generating titanium
dioxide, protecting over 120,000 square,
bringing a manufacturing ability of 150,000
tonnes annually, at a fee of RO forty three million. With various of
initiatives beneathneath production, and operation
of Qabas Solar Energy venture, we attempt to
accomplishing in addition enlargement and benefiting
from local and worldwide markets, which will
allow us to beautify our function in accomplishing
the goals of Oman Vision 2040 and
sell logistics region withinside the Sultanate”, Al
Mahrizi explained.