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Salalah Free Zone in Oman attracts $1.9bn investment

Oman Salalah Free Zone Oman News Agency
Salalah Free Zone in Oman signed five new land lease agreements in the first half of 2023, taking the total number of deals to 127

Oman’s Salalah Free Zone, a subsidiary of Asyad Group, has secured investment worth OMR727 million ($1.9 billion) during the first half of 2023.

Five new land lease agreements were signed during the period, taking the total number of deals to 127 and valued at OMR4.5 billion, the state-run Oman News Agency reported.

The new agreements include a washing powder and detergents factory, ferrous alloys, wrapping paper and textile manufacturing plant, a factory for plastic packaging for health care purposes, a urea and ammonia production project and a data processing and cryptocurrency mining centre.

The free zone is keen to attract private investments in the technology sector and the digital economy, said Ali bin Muhammad Tabuk, CEO of the Salalah Free Zone Company.

The free zone this month reported the opening of a data hosting and cryptocurrency mining project by Exahertz.