Industrial Estates (MADAYN)

The Public Establishment for Industrial Estates "Madayn" is a government body established in 1993 by Royal Decree No. 4/93, aimed at developing and managing industrial cities across the Sultanate of Oman, fostering private sector engagement in manufacturing, and spurring economic growth within the country.

 

 

Today, Madayn manages and operates (10) industrial cities in Sur, Suhar, Raysut, Nizwa, Al Buraimi, Al Rusayl, Samail, Ibri, Al Mudh​aibi, Mahas, in addition to Knowledge Oasis Muscat (KOM) and ​Al Mazunah Free Zone.

INCENTIVES AND FACILITIES​

  • Lease period of lands and facilities for up to 30 years, renewable for the same period.
  • Right to waive the lease right for t​he remaining period of the contract.
  • Right to sell constructions and buildings on the leased land.
  • Right to lease the buildings and facilities built on the leased lands by investors.
  • Right to involve new partners in the lease contract.
  • Fair evaluation of buildings and facilities upon the termination of the lease contract.
  • Rental value of OMR 1 annually per square meter for the first five years for industrial uses​.
  • Exemption from tax on net profit for a period of five years for industrial projects.
  • Exemption from customs duties and taxes on production inputs.
  • Income tax at a fixed rate of 15% per annum and fixed customs duties of 5%.
  • Developed and equipped lands with basic services (water, electricity, telecom, roads)
  • The percentage of foreign workforce touches up to 65%.
  • Transparent legal frameworks illustrating rights and obligations.
  • Punctuality in service delivery.
  • Freedom of working around the clock.
  • 100% of foreign ownership in all industrial cities.
  • Projects can receive 100% foreign ownership.
  • Participation in internal and external Omani Products Exhibitions as part of 'Made in Oman' Campaign
  • Participation in workshops, seminars and exhibitions, which are organised by Madayn.
  • Workforce townships equipped with a variety of services

OBJECTIVES

  • Attract foreign investments to the Sultanate and localize the national capital.
  • Stimulate the private sector to achieve sustainable economic and social development.
  • Boost advanced technology and develop employees’ skills and performance.
  • Contribute to creating new job opportunities for the national cadres.
  • Encourage exports and the establishment of export industries.
  • Stimulate the economic sectors in the Sultanate including transport, tourism, and banking, among other sectors.

 

 

Source: https://www.madayn.om/EN/pages/home.aspx

 

 

Updated on: Sunday, June 9th,2024