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.
-
Banking & Finance2 months agoBank Muscat posts net profit of RO137.49 million in H1 2026
-
Magazines2 weeks agoOER Magazine July Edition 2026
-
Highlights3 weeks agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Banking & Finance1 month agoOman Housing Bank launches digital waiting list for housing loans
-
Magazines2 weeks agoAl Mar’a Magazine July 2026
-
News4 weeks agoMade by Google 2026: Top 10 Biggest Launches You Need to Know – From the New Pixel 11 to a Life-Saving AI Watch
-
Alamaliktistaad Magazines2 weeks agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Oil & Gas2 months agoOman’s refinery production declines 6.8 percent to 89.91 million barrels in May 2026
