Salalah FZ Signs New Projects, Opens Dairy Products Factory
OMAN - Salalah Free Zone (SFR) has opened the Oman Dairy Products factory, a $70 million investment the first phase of which went operational by the third quarter of 2019, and signed a number of agreements for new projects on the free zone, a media report said.
6 January 2020
1 minute read
The pacts included a land development agreement for the setting up of a urea products unit, another agreement to lay the foundation stone of a steel industries unit, a third agreement for the setting up of a bus assembly unit and a fourth agreement to set up a new water and beverages unit, reported state news agency Oman News.
The memoranda of understanding signed by Salalah Free Zone included one with Iran International Hospital and another with Stemz Health Care to set up a hospital at the free zone.
The ceremony was patronized by Darwish bin Ismaeel al-Balushi, Minister Responsible for Financial Affairs, and attended by Ahmed bin Nasser al-Mahrzi, Minister of Tourism and Board Chairman of SFZ.
Ali bin Mohammed Tabook, CEO of Salalah Free Zone, said that the free zone managed to localize 80 investment usufructs valued at RO3.2 billion ($8.3 billion) that will generate 7,800 direct jobs. The FZ also leased 80 per cent of land plots ready for rent.
A sub-usufruct agreement was signed to produce urea, an investment project worth $285 million. The unit is set up on an area of 150,000 sq m and it will have a production capacity of 570,000 tons and will generate 550 jobs.
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Source: TradeArabia
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