Salalah Free Zone Keeps Growing: A Closer Look at the RO728mn Investments in 2023
Salalah Free Zone, a key player in Oman’s economic landscape, has reported a remarkable surge in new investments during the year 2023. The zone, renowned as a regional hub for industrial and logistics activities, attracted investments totaling RO728mn, reflecting its growing prominence as a business destination. The impressive figures were unveiled as the zone signed nine new investment agreements, allocated 1.2mn square meters of leased land, and issued eight construction permits throughout the year.
Salalah Free Zone’s Landmark Achievements in 2023
Salalah Free Zone’s noteworthy achievements in 2023 mark a substantial increase in investment size and quantity, underlining its commitment to contributing to Oman’s economic development. The zone’s proactive approach in leasing extensive land areas and facilitating the establishment of new businesses has propelled its cumulative investment figure to exceed RO4.5bn.
Operational Growth and Expansion
By the end of December 2023, the Salalah Free Zone boasted 39 operational projects, with an additional 21 projects under construction. This impressive growth underscores the zone’s attractiveness to a diverse range of businesses and investors. The zone’s strategic location, coupled with its commitment to providing comprehensive support facilities, has positioned it as a premier hub for high-quality industrial and logistical activities.
Incentives and Facilities for Investors
Salalah Free Zone stands out for offering various economic incentives and advantages to investors. These include tax exemptions and the right to full foreign ownership of investment projects. The zone’s strategic location adjacent to the Port of Salalah, overlooking major global shipping routes, further enhances its appeal, placing it among the world’s top-tier commercial ports.
Future Prospects and Ongoing Collaborations
Looking ahead, Salalah Free Zone remains dedicated to identifying opportunities across various economic sectors and establishing enduring partnerships with customers. The zone’s focus on creating modern, integrated infrastructure in a strategically located area reflects its commitment to providing a secure environment and reliable services to businesses and investors.
In conclusion, Salalah Free Zone’s success in attracting significant investments during 2023 not only highlights its pivotal role in Oman’s economic development but also positions it as a dynamic and thriving business hub. As the zone continues to evolve, it is poised to contribute significantly to the nation’s economic growth and attract further international attention.
