Raysut Industrial City has signed an investment pact with Sahari Qatbeet Trading and Transport Company to set up a factory for industrial salt production in a new Omani-Emirati partnership.

The investment process reportedly only took a two-hour time of electronic investment procedures related to examining the industrial land, signing the lease contract, and completing payments.

With a total investment value touching RO1mn, the project will operate across an area of 12,248 sqm.

Eng. Ali Al Maashani, Acting Director-General of Raysut Industrial City, explained that investors can submit investment applications and complete the procedures electronically through Masar Service Centre.

Eng. Ali Al Maashani, Acting Director-General, Raysut Industrial City

He said: “In fact, the promptness of electronic investment procedures happens with the support of Masar Service Centre and the other digital services employed by Madayn, which jointly play a significant role in facilitating these procedures for investors in the industrial cities.”

Al Maashani elaborated that the investment activity in Raysut Industrial City is seeing constant growth as there are currently 207 operating projects, which have been localised on 97 per cent of the leasable area.

During 2020 and 2021, Raysut Industrial City was able to attract 40 projects. “By the end of 2021, the total investment volume in Raysut Industrial City amounted to more than RO479mn and the national manpower touched 1,197.

“Moreover, Madayn is currently aiming at obtaining new expansions in Raysut Industrial City to keep pace with the growing demand, in addition to the development of the newly announced Thumrait Industrial City,” he added.