The Oman Public Authority for Special Economic Zones and Free Zones (OPAZ) has joined as a member in the World Free Zones Organization (WFZO), an international non-profit institution dedicated to supporting and developing free and economic zones worldwide.
The membership of OPAZ in WFZO aligns with the Authority’s ongoing efforts to enhance the competitiveness of the special economic zones, free zones, and industrial cities under OPAZ supervision. The organization includes more than 1,600 zones and economic institutions from over 140 countries.
By joining WFZO, OPAZ also aims to open new horizons for promoting these zones internationally as leading investment destinations known for their flexibility, readiness, and advanced infrastructure, reflecting a strategic direction to strengthen the international presence of Oman’s zones.
OPAZ’s membership in WFZO aims to create more opportunities for exchanging expertise and adopting best practices alongside leading international partners. It also contributes to improving operational efficiency and developing promotional and marketing tools, thus supporting efforts to attract high-quality investments and projects with substantial added value.
The number of special economic, free, and industrial zones in the Sultanate of Oman that it currently operates has increased to 23, with cumulative investments reaching approximately $54.45 billion (OMR 21 billion) by the end of 2024. This membership marks a significant step for OPAZ in its efforts to enhance its global network and engage in collaborative initiatives aimed at improving the management, governance, and overall development of Oman’s free economic zones.
Through its international partnerships, OPAZ is working to further strengthen Oman’s position in the global economic network. By tapping into global trends and best practices in the management and development of special economic zones, free zones, and industrial cities, Oman aims to enhance the efficiency and attractiveness of these zones.
Through this strategic approach, OPAZ not only helps Oman align with global business trends but also positions it as a key player in the regional and international markets.
