The Nizwa Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates – ‘Madayn’, has signed an investment pact with Asas Drilling Solutions to set up a project for manufacturing, repair and maintenance services of machinery and equipment used in the oil and gas industry.

The project will be established across an area exceeding 14,000 sq.m. with an investment value touching RO6mn.

The agreement was signed by Ahmed Al Hajri, the Director-General of Nizwa Industrial City, and Khalid Al Busaidi, the owner of the project.

Commenting on the ambitious project, Al Hajri said that this value-adding project will serve the oil and gas industries, promote their growth, and provide them with a wide range of advanced tools and equipment that are used in drilling oil and gas wells.

Al Hajri added that Madayn is currently developing the infrastructure as part of the expansion project in phases 3 and 4 in Nizwa Industrial City across an area of one million sq.m.

Most of the road connection works, electrical connections, and remaining excavation works are currently being completed.