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| 17 January, 2018

Oman’s Al Mazyunah Free Zone attracts 160 companies

A number of investment applications are under study and around 30 projects are under construction: Report

Image used for illustrative purpose. Visa ban has drastic effect on Omani real estate prices.

Image used for illustrative purpose. Visa ban has drastic effect on Omani real estate prices.

REUTERS/Sultan Al Hasani
Oman-based Al Mazyunah Free Zone has attracted a total of 160 companies, resulting in a considerable investment in the  zone, said a report.

The growth comes as a result of several factors and efforts made by the Public Establishment for Industrial Estates (PEIE) and related governmental bodies to streamline and facilitate the investment procedures in Al Mazunah Free Zone and to overcome the challenges facing the free zone, Salah Al Alawi, director general of Al Mazyunah Free Zone, was quoted as saying in a Times of Oman report.

A number of investment applications are under study and around 30 projects are under construction, added the report.

He added that the constant follow up and direct attention paid by the Minister of Commerce and Industry, who is also the chairman of free zones committee, has also contributed to the facilitation of the matters related to the free zone.

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Al Alawi pointed out that the Royal Oman Police (ROP) has also made significant efforts in facilitating the procedures of security approvals.

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