What's Happening?
Ibri Industrial City, under 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 support value-added projects.
Why It's Important?
The investments in Ibri Industrial City are significant for Oman's economic diversification and industrial development goals. By focusing on key sectors and leveraging strategic partnerships, the city aims to boost local employment and economic growth. The development aligns with Oman Vision 2040, which seeks to reduce the country's reliance on oil by fostering a more diversified economy. The strategic location of Ibri Industrial City, near major trade routes and borders with Saudi Arabia and the UAE, enhances its attractiveness to investors. This development could lead to increased industrial activity, contributing to the overall economic resilience of the region.
What's Next?
Madayn has outlined several projects for Ibri Industrial City under the 11th Five-Year Development Plan (2026-2030), including infrastructure enhancements and the expansion of green spaces. These projects aim to further improve the investment environment and support sustainable industrial growth. The ongoing collaboration with government bodies and the introduction of new investment opportunities are expected to continue, potentially attracting more investors and fostering economic development in the region.
