Oman is actively shifting from an oil and gas-dependent economy to a diversified one, in line with its long-term national strategy ‘Oman Vision 2040’. The Public Establishment for Industrial Estates in Oman, a government entity, is one of the key drivers of this transformation. It plays an important role in fostering industrial growth and getting foreign direct investments.
In this article, we explore the mission of this industrial estate, its contribution to the Sultanate’s economy, its role in supporting the Oman Vision 2040 initiative, and the range of incentives it offers to businesses.
Back to topOverview of the Public Establishment for Industrial Estates in Oman
The Public Establishment for Industrial Estate was established in the year 1993, with a mission to create a business-friendly environment that attracts both regional and international investors for company registration in Oman. This government entity is also known as ‘Madayn Oman’. The industrial estates offer world-class infrastructure, tax incentives, and administrative support that fosters sustainable growth of the industries in Oman.
Back to topWhat Incentives does Madayn Oman Offer?
The Public Establishment for Industrial Estates in Oman is dedicated towards the development of different kinds of industrial zones to meet the needs of diverse sectors. Let us see some incentives that these industrial estates have to offer:
- Lease land or facilities for up to 30 years, renewable for the same period.
- Right to sell constructions and buildings on the leased land.
- Right to involve new partners in the lease contract.
- Exemption from income tax for five years for industrial projects.
- 100 per cent foreign ownership in all industrial cities.
What are the Key Industrial Estates at Madayn Oman?
The Public Establishment for Industrial Estates in Oman manages over 13 types of industrial estates, strategically located across the country. Some of the most prominent ones include:
Al Rusayl
Established in 1983, the Al Rusayl industrial estate is one of Oman's most developed industrial zones. It hosts major industries such as chemicals, electrical and building materials, fiber optic cables, food, textiles, garments, stationery, and paints.
Sohar
The Sohar industrial city is home to major heavy industries such as Suhar Refinery, Aluminum Factory, Oman Propylene Plant, and Petrochemical Complex. A Sohar free zone company formation comes with many benefits including easy access to consumer markets, availability of warehouses, efficient transportation, to name a few.
Raysut
The industrial city, which was established in 1992, is home to major light and medium industries. Some of the related sectors include school stationery manufacturing, food processing, frozen fish and chickens, PVC pipes, steel fabrication, medical supplies, solar heaters, and vegetable oil production.
Sur
The industrial city is known for its diversified industrial portfolio. It supports some of the key projects in areas such as liquefied natural gas, urea, ammonia, ready-mixed concrete and cement products, marble factories, fishing industries, and wooden furniture.
Al Mazunah
A business setup in Al Mazunah free zone has access to many facilities for simplified business operations such as warehouses, administrative centres, multi-purpose areas and green parking zones.
Samail
The industrial city was planned in accordance with the most recent international standards, taking into consideration the needs for civil defence and the environment. It is majorly into food industries, industrial complexes, and logistics sector.
Back to topWhy Choose Commitbiz?
The Public Establishment for Industrial Estates in Oman’s strategic goals are in perfect alignment with Oman Vision 2040. Through its diverse types of industrial estates and strategic partnerships with the Public Authority for Special Economic Zones and Free Zones, it is ideal to start your business here. Commitbiz experts will help you with a smooth registration procedure in any of the industrial cities in Oman. Contact us for a hassle-free business setup in the Sultanate.
Back to topAre there training or upskilling programmes available within Madayn estates?
Yes, Madayn collaborates with vocational training centers and universities to provide skill development programs for the local workforce. These programmes are part of its commitment to supporting Oman Vision 2040 goals for human capital development.
Mention the Oman industrial free trade zones among the above industrial estates.
Yes, companies in Madayn industrial parks are able to export both locally and internationally. For Oman's export-oriented sectors, being close to ports like Sohar and Salalah improves logistics.
What documentation is required to apply for a plot or facility in a Madayn estate?
Required documents generally include a business plan, company profile, financials, copies of licenses, and a lease application form. Specific requirements vary by estate and project scope.
