Investment booming for Nizwa Industrial City ...United Arab Emirates

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Investment booming for Nizwa Industrial City
Nizwa Industrial City has successfully capitalised four new projects worth over US $14.2mn in H1 2024. These are spread over an area of 67,000sqm. With this move, the total investment volume in Nizwa Industrial City has surged to $1.2bn. According to Madayn, the total number of projects at various stages of development rose to 173, with a workforce of 5,707 employees and an Omanisation rate of 45%. These projects include 154 operating projects, in addition to a further eight where space has been allocated, and 13 under construction. Of the 3.1m sqm of developed land, 76% is currently occupied, while the total area of the industrial city exceeds 7.2m sqm. Salah bin Nasser Al Alawi, the Actin

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