Muscat
The Board of Directors of the Public Authority for Special Economic Zones and Free Zones held its first meeting for the year 2025, chaired by His Excellency Sheikh Dr. Ali bin Masoud Al Sunaidi, Chairman of the Board, with the presence of esteemed members of the council.
During the meeting, the board approved additional incentives for investors by reducing rental values for several years for new projects in the Ibri Industrial City, Sur Industrial City, and Mahas Industrial City. The council also approved a reduction in rental values and exemptions for the first years for new projects in several industrial cities under construction in Al Mudhaibi Industrial City, Al Suwaiq Industrial City, and Madha Industrial City.
The council approved some amendments to the real estate development regulations in the Special Economic Zone at Duqm to make them more attractive to real estate developers and owners of residential and commercial units, with the aim of improving and facilitating procedures in the real estate development sector in the region.
Additionally, the council reviewed the plan for organizing the industrial area in Al Wadi Al Kabir, which is managed by the Public Authority for Industrial Estates “Madayn,” aiming to enhance the infrastructure and update the regulations and investment provisions in the area, taking into account the regulations issued by the Muscat Municipality.
The council also reviewed the implementation status of the restructuring of Oman Investment and Development Holding Company “Mubadara” and its affiliated and sister companies, in coordination with the Oman Investment Authority.
Furthermore, the Board of Directors expressed its observations on several projects and their implementation status, as part of the ongoing efforts of the authority to enhance economic development in special economic zones, free zones, and industrial cities.
