Categories: EconomyWorld

A New Economic Zone to Transform Dhahirah Governorate’s Landscape

Oman’s ambitious plans for economic diversification and regional development take a significant step forward with awarding a consultancy tender for the first phase of the Integrated Economic Zone at Dhahirah (EZAD). This strategic initiative, spearheaded by the Public Authority for Special Economic Zones and Free Zones (OPAZ), aims to harness the region’s potential, optimize cross-border trade with Saudi Arabia, and catalyze job creation and investment opportunities.

The tender, awarded to a consortium comprising an Omani and a Saudi company, marks a pivotal moment in realizing the EZAD project. Covering an expansive area of 20 sqkm, the first phase will prioritize the implementation of crucial infrastructural facilities, including a comprehensive land port plan spanning 6.5 sqkm. Asyad Group’s stewardship of the land port underscores the commitment to seamless logistics and connectivity, which are essential for facilitating trade and commerce.

Situated approximately 20km from the Rub’ al-Khali border crossing with Saudi Arabia, the EZAD holds a strategic position conducive to fostering regional trade and economic cooperation. With its proximity to the Ibri Industrial City project, the zone is poised to emerge as a key driver of Dhahirah Governorate’s economic transformation, offering a gateway for cross-border investments and industrial partnerships.

The consultancy services encompass a spectrum of critical infrastructure components essential for the sustainable growth and functionality of the EZAD. From roads and utilities to administrative buildings and horticultural works, meticulous planning and execution are paramount to realizing the zone’s potential as a dynamic economic hub. Moreover, integrating environmentally sustainable practices underscores Oman’s commitment to responsible development and resource management.

Establishing the EZAD represents a significant milestone in Oman’s economic diversification and regional integration journey. The zone is poised to unlock new avenues for trade, investment, and job creation by leveraging its strategic location and fostering collaboration with Saudi Arabia. Furthermore, the development of the EZAD is expected to stimulate growth across various sectors, driving innovation and promoting a conducive environment for business expansion.

Beyond its economic significance, the EZAD holds immense potential to catalyze socioeconomic development in Dhahirah Governorate and beyond. By attracting investment, fostering entrepreneurship, and creating employment opportunities, the zone aims to uplift communities and enhance living standards. Additionally, establishing economic partnerships with Saudi companies underscores the collaborative spirit driving regional prosperity and cooperation.

As Oman embarks on this transformative journey, the EZAD emerges as a beacon of progress, innovation, and collaboration. With a clear vision for sustainable growth and prosperity, the zone epitomizes the nation’s commitment to harnessing its resources and strategic advantages for the collective benefit of its people and partners. Through strategic investments, robust infrastructure, and inclusive development policies, the EZAD is poised to redefine the economic landscape of Dhahirah Governorate and propel Oman towards a future of prosperity and resilience.

World Economic Magazine

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