Madayn to build 1km2 Oman Nano City in Sur Industrial City
The project will help diversify income sources, attract foreign investment, create new jobs, and support innovation
In a move to support the development of nanotechnology in Oman, The Public Establishment for Industrial Estates (Madayn) and its investment arm Shumookh Investment and Services inked an agreement with Advanced Universal Tech to establish Oman Nano City in Sur Industrial City.
Once developed, Oman Nano City project will help diversify income sources, attract foreign investment, create new jobs, and support innovation and entrepreneurship.
The Nano City aims at implementing, developing and managing a project that promotes nanotechnology in the Sultanate as well as attracting industries and investments and providing support to investors through regional and international competitive strategies.
CEO of Madayn, Hilal bin Hamad Al Hasani, alongwith the CEO of Shumookh Investment and Service, Eng. Musallam bin Juma’a Al Hudaifi signed the deal with partner and founder of Advanced Universal Tech, Eng. Qasim bin Habib Al Lawati.
“Oman Nano City will contribute in developing the manufacturing sector, creating links between industries, universities, colleges, schools and research institutions, and providing job training opportunities,” said Al Hasani.
Meanwhile, Eng. Qasim Al Lawati explained that Oman Nano City would contribute to the sustainability and support of the national economy in line with Oman Vision 2040.
Oman Nano City will be built on a total area of 1km2 and will feature facilities including a main administration centre in addition to various public facilities such as a hotel, cultural centre, business centre, banks, shopping centres, clinics, logistics services, and a residential area. In addition, the facility will be home to 11 sectors.
Through the project, Oman aims to both develop and export nanotechnology products and services across the MENA region