Economy
Madayn, OMIFCO Ink Pact To Establish ‘Green Buffer Zone’ In Sur Industrial City

Muscat: The Public Establishment for Industrial Estates – Madayn has signed a cooperation agreement with Oman India Fertiliser Company (OMIFCO) to establish a ‘Green Buffer Zone’ at Sur Industrial City. This agreement comes along the lines of Madayn’s efforts to achieve environmental balance, increase green areas in its industrial cities, and enhance public-private partnership in areas that serve the industrial and environmental sectors in the Sultanate.
The project aims at contributing to the reduction of carbon emissions at Sur Industrial City and its surroundings. Phase one of the project will be implemented on an estimated area of 10 hectares and will incorporate planting trees of different sizes and types, in addition to the construction of walking paths, seating areas, irrigation network and lighting. The agreement was signed by Eng. Abdulqadir bin Salim Al Balushi, Director General of Sur Industrial City, and Qasim bin Mohammed Al Balushi, Director of Strategic Planning for Sustainability at OMIFCO.
It is worth mentioning that the total investment volume in Sur Industrial City by the end of 2021 stood at RO 2.2 billion with 127 projects in operation. Madayn is currently implementing an infrastructure development project in Sur Industrial City, which include the construction of a 17 km length of the water network, 14 km of sewage network, 10.6 km of the road network, and 6.8 km of the rainwater drainage channel. The project is expected to be completed during the third quarter of 2022.
A workforce township project in Sur Industrial City is in the preparation stage for implementation and will take from two to three years to be completed. The project will be divided into three categories, each with its distinctive standards and specifications that meet the requirements of the operating companies and factories in Sur Industrial City.
More projects are in the pipeline and will be announced in the coming period, which will contribute to enhancing the investment climate at Sur Industrial City. The shipyard complex project is currently in the negotiation stage with the developer, and a usufruct contract will be signed with the developer by the end of this stage. The project is expected to present investment opportunities in fishing industry and contribute to enhancing the fisheries sector in the Sultanate.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy1 month ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
Banking & Finance1 month ago
Alizz Islamic Bank Partners with Visa to Launch Premium Shari’a-Compliant Card Solutions