What's Happening?
Ibri Industrial City, part of the Public Establishment for Industrial Estates 'Madayn', has attracted investments totaling approximately RO 25 million by the end of the first half of 2026. The city has signed 17 investment contracts covering over 250,000
square meters, focusing on sectors such as oil and gas, food, manufacturing, and light industries. Salah bin Nasser Al Alawi, Director General of Ibri Industrial City, emphasized Madayn's efforts to enhance the investment climate by collaborating with government bodies to unlock economic potential in Al Dhahirah Governorate. Initiatives include launching 11 investment opportunities in food manufacturing and organic fertilizer production through the Tharawat platform, in cooperation with local agricultural and urban planning directorates. These efforts align with Oman Vision 2040, aiming to attract investors, create jobs, and encourage value-added projects.
Why It's Important?
The significant investment in Ibri Industrial City underscores the strategic importance of industrial development in Oman, particularly in Al Dhahirah Governorate. By attracting diverse investments, the city is poised to become a hub for industrial, commercial, and service sectors, leveraging its strategic location near key trade routes and borders with Saudi Arabia and the UAE. This development is crucial for economic diversification, reducing reliance on oil revenues, and fostering sustainable growth. The focus on sectors like food manufacturing and organic fertilizers aligns with global trends towards sustainability and food security, potentially positioning Oman as a leader in these areas. The investments also promise job creation and economic stimulation, contributing to the broader objectives of Oman Vision 2040.
What's Next?
Looking ahead, Ibri Industrial City plans to implement several projects under the 11th Five-Year Development Plan (2026-2030). These include constructing a security fence, an administration building, and a Madayn Entrepreneurial Complex in collaboration with the SMEs Development Authority. Additionally, there are plans to expand green spaces and enhance infrastructure to support further industrial growth. These developments are expected to attract more investors and facilitate the establishment of new businesses, further boosting the local economy and creating employment opportunities. The continued collaboration with government bodies and alignment with national development goals will be critical in sustaining this momentum.
