Madayn Investment Complexes
Madayn seeks to achieve Oman Vision 2040, which aims to develop local manufacturing and attract foreign investments to implement major economic projects by following the best international practices in developing the industrial sector and through a long-term strategic partnership. For this purpose, Madayn has adopted a new partnership approach by encouraging industrial investment in Oman to establish integrated industrial complexes in partnership with the private sector. The aim is to develop products that meet all requirements of industrial investment in various activities by providing an opportunity for the private sector in industrial development to establish multi-use industrial complexes in all its industrial cities all over Oman.
The idea is that developers build integrated industrial complexes and market them locally and internationally. They will also attract investors to invest in these complexes by owning industrial/logistical units so that these real estate units will be ready for immediate industrial operation after installing their production lines.
These advantages will be an attractive factor for international and regional companies and large Omani institutions. They will also attract small and medium enterprises to enter the industrial sector at a cost and operational capacity that match their production capabilities.
Industrial investment in Madayn Investment Complexes has many advantages and incentives that make it an attractive sector for local and foreign capital. Madayn offers an integrated range of incentives and investment facilities for industrialists.
Below is a summary of such advantages and incentives:
- Exemption from income tax. All industrial projects are exempt from tax on profits for the first five years, renewable for another five years.
- Exemption from customs duties. Industrial facilities are exempt from customs duties on imported machinery, equipment, spare parts, primary raw materials, semi-manufactured materials, and packaging materials included in the production throughout existing of the industrial establishment.
- There is no tax on personal income in Oman.
The incentives offered by Madayn in Madayn Investment Complexes, including providing the complete infrastructure and opening the field of partnership with the private sector, will be an ample opportunity to develop the industrial sector through industrial cities and complexes and will open new horizons of business, investment opportunities and exchange of experiences in line with Oman Vision 2040. In addition, the political stability in Oman is a significant pillar that makes Oman a haven for foreign investment.
Madayn Investment Complexes Project
In Madayn Investment Complexes, we believe in the importance of providing modern infrastructure and integrated facilities according to the highest international standards. At the same time, we worked from the first day on flexible and attractive legislation that helps investors develop their businesses and expand in local and regional markets. Madayn Industrial Cities are strategically located in Oman and have access to major highways, ports and international airports. Because of the geographical location of Oman and its proximity to international and regional trade routes, Madayn Industrial Cities are the first choice for investors who want to create a good presence for themselves in the local, GCC and regional markets, particularly the Asian and African markets.
The Madayn Investment Complexes project grants vacant plots of land to industrial developers, who in turn invest in these plots by building industrial complexes on them, including multiple industries, food complexes, plastic complexes and logistics complexes in four vital cities of Madayn Industrial Cities and finally sell or rent them to other investors.
In the first phase, the Madayn Investment Complexes project will be launched in four industrial cities, namely Sohar Industrial City, Buraimi Industrial, Sur Industrial City and Samail Industrial City. Then, in the second phase, the industrial complexes project will be launched in the rest of Madayn industrial cities.
Under the umbrella of Madayn Industrial Cities, there are 11 industrial cities and a vibrant free zone full of commercial movement, in addition to the Knowledge Oasis Muscat, the smart city in Oman. Knowledge Oasis Muscat is the first choice in Oman for local and international technology companies as it provides opportunities for investment in the telecommunications sector, the digital revolution, the knowledge economy and technology.
