Muscat: As part of the Sultanate of Oman's celebrations of the glorious National Day, the Sur Industrial City, an affiliate of Madayn, saw the opening of the Al Ghaith Chemical Industries Complex with a total investment volume exceeding USD 125 million. The complex, built on an area of 200,000 square meters, is one of the largest specialized chemical industrial complexes in the Sultanate of Oman and in South A'Sharqiyah Governorate.
According to Oman News Agency, the inauguration ceremony was held under the auspices of Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, in the presence of Sheikh Dr. Ali bin Masoud Al Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free Zones, and a number of officials from the public and private sectors. Eng. Nasser bin Hamoud Al Mabsali, Director General of Sur Industrial City, noted that the Al Ghaith Chemical Industries Complex is a significant addition to the industrial investment system in the Industrial City. The complex contributes to enhancing Local Added Value through the production of specialized chemical materials supporting vital sectors such as oil, gas, and manufacturing industries. It also enhances employment opportunities for Omanis and the transfer of knowledge, alongside stimulating industrial innovation and achieving local self-sufficiency for basic materials and raw materials for industries.
He added that Sur Industrial City has attracted investments in various sectors, with the current total investment volume exceeding RO 2.3 billion, reflecting investors' confidence in the advanced infrastructure and attractive investment environment. Sectors such as petrochemicals, chemical industries, food industries, and logistics services are highlighted as promising fields, along with energy and oil derivatives projects.
Eng. Nasser bin Hamoud Al Mabsali pointed out that the master plan of the Industrial City is being replanned to suit the promising investment opportunities within it. Sur Industrial City is also preparing detailed designs for the infrastructure works of the shipbuilding and maintenance facility, which will contribute to providing investment opportunities in the shipbuilding and maintenance sector and associated businesses. Additionally, the Industrial City offers promising investment opportunities in the mining and logistics sectors, supported by incentives and facilities.
Fahad Issa Al Salhi, Manager of Al Ghaith Chemical Industries Factory (Oman Branch), stated that the complex provides over 100 job opportunities in its first phase, with the number of Omani employees expected to exceed 175 upon completion of future expansions. The project was designed according to high standards of safety and sustainability and exemplifies industrial integration between Oman and the UAE, as Al Ghaith Company is a leading industrial company in the region. The complex's opening aligns with the company's plans to expand production capacities and target local, regional, and global markets with products that meet various sectors' needs.
Eng. Khalid bin Salim Al Qasabi, Director General of Industry at the Ministry of Commerce, Industry and Investment Promotion, emphasized that this complex is one of the major chemical industrial projects in Oman and a high-tech industry that aligns with the strategic industrial goals of 2040 and the Future Industries Initiative undertaken by the Ministry. The Industrial Strategy 2040 aims to enhance the integration of modern technologies and harness innovation within a knowledge-based economy to create knowledge-based industries.
He further mentioned that the complex will pave the way for new, advanced industries and is a step towards the domestication of chemical industries. It will also work to train and qualify many Omani workers for specialized jobs and contribute to the Omani economy by increasing the added value of qualitative projects.