Dr. Ali Masoud Al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ) pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion (USD39.5 billion), constituting a growth rate of 6% in 2021.
This came during the annual media briefing of OPAZ to highlight the achievements of 2022 in various fields, as well as to reveal OPAZ’s strategy and the goals of its plan for 2023.
Al Sunaidy added that after transferring the affiliation of the Public Establishment for Industrial Estates (Madayn) to OPAZ in June 2022, the Authority supervises 13 existing zones.
The zones comprise the Special Economic Zone at Duqm (SEZAD) and 3 free zones in Sohar, Salalah and Al Mazunah, and 9 existing industrial cities operated by Madayn.”
He added that there are 8 various new zones under development and study. The Integrated Economic Zone in Al Dhahirah Governorate, which is under planning and development, will be among the promising upcoming zones.
“In the field of financial sustainability, OPAZ was able to reprogram the financing agreements and provide financing coverage for a number of infrastructure projects ... without the need to refer to the government’s treasury,” said Al Sunaidy.
