Salalah Free Zone Investment Value Reaches $12 Billion
The Salalah Free Zone, a key driver of Oman’s economic growth under the Asyad Group, has attracted more than $12 billion (4.6 billion Omani rials) in investments by mid-2024. Thanks to its strategic location and exceptional incentives for investors, the zone has become a crucial regional hub for a wide range of industries and businesses.
Dr. Ali bin Mohammed Tabuk, CEO of Salalah Free Zone, emphasized that Salalah’s prime geographic location and multiple investor incentives have positioned the zone as a top destination for both domestic and international companies. Salalah offers significant logistical advantages, helping companies reduce costs and time when accessing markets in the Middle East, the Indian subcontinent, and East Africa.
In the first half of 2024, Salalah Free Zone attracted 68 million Omani rials ($176.6 million) in new investments. The zone is now home to 143 active companies with 64 ongoing projects. Industrial activities dominate with 57% of the total projects, followed by logistics (15%) and commercial ventures (28%).
Additionally, 13 new projects were launched in 2024, covering diverse sectors such as frankincense-based product manufacturing, air conditioning equipment production, textiles, and potassium fertilizer packaging.
Salalah Free Zone continues to diversify its industrial base, offering a wide range of services to investors, including land leasing, warehouses, and office spaces. The zone also streamlines permit, visa, and registration processes through the “Invest Easy” system, creating an investor-friendly environment.
source: Salalah Free Zone Investment Value Reaches $12 Billion – Oman Observer
