Oman’s Public Establishment for Industrial Estates (Madayn) has inaugurated a Facility Building in Al Rusayl Industrial City, a project valued at OMR6.5 million ($17 million).
The inauguration took place under the auspices of Eng Dawood bin Salim Al Hadabi, CEO of Madayn, with the presence of officials from the public and private sectors, investors and business owners.
This project highlights Madayn’s strong commitment to enhancing the sultanate’s thriving investment landscape in the industrial cities through its investment arm – Shumookh Investment and Services, creating a dynamic live-work-play environment model.
Eng Musallam bin Juma’a Al Hudaifi, CEO of Shumookh Investment and Services – Madayn’s investment arm, emphasised the key role played by the industrial sector in driving economic development, and its contribution to job creation, bolstering national income, and facilitating export growth.
“Al Rusayl Industrial City presents a strategic investment hub in the heart of the capital, Muscat, with its outstanding infrastructure and advanced logistics services. Currently, Shumookh oversees the management and operation of the Facility Building in Al Rusayl Industrial City, which encompasses a total construction area of 19,000 sq m and includes 200 parking spaces within the building, in addition to extra outdoor public parking,” Al Hudaifi pointed out.
Featuring 10 floors (one-level basement, ground floor and eight additional floors) with a rental area of 8,500 sq m, the Facility Building offers a range of facilities to the visitors and employees based at Al Rusayl Industrial City and the neighbouring areas, such as banking services, money exchange offices, travel agency, clinic, labour checkup centre, cafes, restaurants and grocery, in addition to office spaces for government and private bodies.
“The completion of this Facility Building marks a significant milestone for Al Rusayl Industrial City. It not only offers additional commercial and office spaces to attract investments in Al Rusayl Industrial City but also elevates the industrial infrastructure to compete on a regional and global scale,” Al Hudaifi said, adding: “This project is designed to create an ideal environment for the growth of Omani industries, facilitate regional and global competitiveness, attract international strategic investments and partnerships, bolster economic activity in the Sultanate, generate employment opportunities for Omani citizens, and pave the way for more service-oriented projects, all in alignment with the objectives of Oman Vision 2040.”
He said the project is another noteworthy achievement for Shumookh, highlighting the company’s successful track record in delivering similar projects in locations including Knowledge Oasis Muscat, Suhar Industrial City, Samail Industrial City, and Al Mazunah Free Zone. Currently, the company is actively exploring the development of several strategic logistics projects, with further details to be disclosed in due course. It should be noted that Shumookh enjoys a track record of investing in, generating profits from, and facilitating the transition of projects to investors.
Eng Mohsin bin Zahran Al Hinai, CEO of Al Rusayl Industrial City Company, stated that the Facility Building project in Al Rusayl aligns with Madayn’s ongoing efforts to provide more incentives and facilities, encouraging local and foreign investments, and ultimately contributing to the advancement of the national economy and the realisation of Oman Vision 2040.
Al Hinai also pointed out that several key projects have recently been completed in Al Rusayl Industrial City to attract more investments into the industrial city. These projects are focused on improving the internal road network within the industrial city and enhancing its infrastructure facilities.-- TradeArabia News Service