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Oman: Volume of Investments in 13 Existing Zones Reached 39.5 Billion

Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media
Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media
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Oman: Volume of Investments in 13 Existing Zones Reached 39.5 Billion

Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media
Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media

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.

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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)

Oman LNG on Tuesday announced the successful loading of its first liquefied natural gas (LNG) cargo to Shell under its new long-term agreements, marking a significant milestone in the company’s strategy to expand its global market reach and reinforce Oman’s position as a leading LNG supplier.
According to Oman News Agency, the ceremonial event took place at Oman LNG’s state-of-the-art facility in Sur, under the auspices of Salim al Aufi, Minister of Energy and Minerals, alongside senior officials from Oman LNG and Shell.
Aufi, in his remarks, emphasized the importance of this milestone, saying, “Today’s shipment is not merely a delivery but a testament to Oman’s commitment to energy security, global collaboration, and sustainable economic growth. It also reflects the strong partnership between Oman LNG and Shell, built on mutual trust and a shared vision.”

Shell, as the largest offtaker under these new agreements, plays a pivotal role in Oman LNG’s strategic plans for sustained growth and market expansion.

Oman LNG’s CEO, Hamad al Naamany, highlighted the significance of this shipment, saying, “We are embarking on a 10-year concession extension with market leaders in LNG and energy. Our growth is aligned with Oman’s vision and adapted to the evolving global energy market demands. Our partnership with Shell continues to thrive, contributing to Oman’s economic diversification goals.”