Oman’s Salalah Free Zone secures $80m FDI for three projects
Chief executive officer Ali Tabouk says plants to manufacture gypsum products and solar panels, and create 250+ direct jobs
Oman’s Salalah Free Zone Company (SFZCO) has secured foreign direct investments (FDI) worth $80m (OMR30.8m) to establish three plants within its free zone, including manufacturing facilities for solar panels and gypsum products.
According to chief executive officer of SFZCO, Ali Tabouk, the investments will create more than 250 direct jobs in Oman.
The company’s official Twitter handle quoted Tabouk as saying that of the three FDIs, one was from the US, and focused on the manufacturing of solar panels, adding that plants developed through the other investments would manufacture gypsum products.
#happening_now#Ali_Tabouk "We also set up Mazaya Logistics Station for import and export trade with a storage area of 34,000 sq.m, built with high international standards and we are working to launch a new package of FDI, which will be announced soon" pic.twitter.com/owVJ6Cjrr0— Salalah Free Zone Co (@SFZCO) July 14, 2019
He added: “We also set up Mazaya Logistics Station with a storage area of 34,000m2, focusing on import and export.
“The logistics centre has been built with high international standards and SFZCO has been working to launch a new package of FDI, which will be announced soon,” added Tabouk.
The CEO added that the company had launched a business support unit, including senior executives and consultants, to provide technical, administrative, and financial support aimed at raising awareness about the challenges nad benefits of FDIs to Oman’s economy.
Earlier this month, SFZCO inked an agreement with India’s Hyderabad-based Petiva Group to build a natural sugar factory worth $200m (OMR77m) in Salalah Free Zone, with the factory set to create more than 100 jobs in the country.