Muscat: The Public Establishment for Industrial Estates (Madayn) has launched a fresh set of incentives aimed at attracting investors and expanding business opportunities in Al Mazunah Free Zone.
The announcement was made during the Al Mazunah Economic Exhibition and Forum, underscoring Madayn’s commitment to fostering a competitive investment landscape in Oman.
Eng. Ahmed Khamis Al Kasbi, Director General of Al Mazunah Free Zone, highlighted that the Board of Directors of the Public Authority for Special Economic Zones and Free Zones (Opaz) has approved these incentives to enhance the free zone’s appeal and encourage business expansion.
“As part of this initiative, investors will receive a 30% exemption on accumulated debts, along with a 50% reduction in rental fees for the next five years for both existing and new investors. These measures are designed to enhance the free zone’s competitiveness, drive economic growth, and support innovation and sustainability,” Al Kasbi explained.
Al Mazunah Free Zone has seen remarkable growth in investment and trade. In 2024 alone, over 240,000 tons of goods were imported into the zone, reflecting a 20% increase compared to 2023. The zone serves as a key hub for regional trade, offering a fully developed infrastructure that includes road networks, electricity, water, telecom services, warehousing facilities, and digital services.
The Al Mazunah Economic Exhibition and Forum continues to facilitate networking and business opportunities, with over 100 local and international companies participating. The event provides a dynamic platform for fostering partnerships and exploring investment prospects in the region.
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