Oman's Madayn awards $10m deal for Raysut Industrial City project

Oman's Madayn awards $10m deal for Raysut Industrial City project
Published: 9 January 2019 - 4:30 a.m.
By: Neha Bhatia

Oman’s Public Establishment for Industrial Estates, also known as Madayn, has awarded a $10.4m (OMR4m) contract to develop 100ha of infrastructure within Raysut Industrial City, dubbed Raysut 2.

Al Hashemi and Al Rawas Trading and Contracting Co has won the contract, with a project agreement signed by chairman of Madayn’s board, Eng Ahmed bin Hassan al-Dheeb, and chief executive officer of the contractor, Salah bin Salem bin Mohiyeddine.

Raysut Industrial City, which was inaugurated in 1992, has a total area of 150ha, where by the end of H1 2018, 194 projects were operational across the food, metals, and medical industries.

Eng Musallam bin Mohammed al-Shehri, assistant chief executive officer for operations at Madayn, said the agreement would see the establishment of an integrated road and pavement network, as well as draining, fire-fighting, and irrigation systems, over a 7.9km stretch.

Also planned for development are 8.3km of water networks; communication and gas networks; and a wastewater treatment plant with a capacity of 1,000m3 per day.

Advanced lighting technology will be deployed for the project, which is due to complete in Q3 2020.

Madayn’s al-Dheeb said the expansion planned for Raysut 2 would help to meet the industrial sector’s requirements in the Dhofar governorate, as well as “constant demand” by investors to localise projects within the manufacturing city.

He added: “All the industrial cities that fall under the umbrella of Madayn are receiving great demands due to their strategic locations across the sultanate, which eventually stimulate investment and business development.

“Madayn undertakes constant efforts to carry out feasibility studies for the expansion of the industrial cities and consequently develop plans based on these studies when suitable lands are available.”

Al-Shehri added investment operations in Raysut Industrial City’s expansion are pacing ahead, with the lease rate of areas available within the project currently at 90%, Oman's state news agency, ONA, reported.

Click here to add your comment

Please add your comment below
Your email address will not be published