The Al Buraimi Industrial City, an affiliate of the Public Establishment for Industrial Estates “Madayn”, has signed an investment contract with Sohar Iron and Billet Company (SIBCO) to establish a project specializing in the production of iron and the manufacturing of aluminum, iron, and non-ferrous metal sheets and extrusions.
The project will be built on an area of 36,000 square meters, with an investment volume reaching $26 million (RO 10 million).
Said bin Abdullah Al Balushi, Director General of Al Buraimi Industrial City, stated that the localization of such projects aims to provide new job opportunities for national cadres, and contribute to the development of the industrial sector in Al Buraimi Governorate, thereby strengthening the national economy and diversifying its sources.
Abdullah Al Balushi added that the contract signing comes within a strategic plan to attract more investments and promote advanced industries in the Sultanate of Oman, and encourage industries that rely on modern technologies. This opens broad horizons for economic growth and supports sustainable industrial transformation.
It is worth noting that the total volume of investments in Al Buraimi Industrial City reached over $746 million (RO 287 million) by the end of the first half of the current year. The number of signed investment contracts reached 1,645 contracts, with a total invested area exceeding 1.7 million square meters, in addition to more than 4.4 million square meters of leasable land.
