Buraimi Industrial City Attracts Over $49 Million in H1 2024 Investments

Oman, 18 July, 2024 :  Buraimi Industrial City saw investments exceeding RO19 million in the first half of 2024, bringing total investments to RO277 million. The workforce in the city comprises 1,674 individuals, with an Omanisation rate of 22%.

Saeed bin Abdullah al Balushi, Director General of Buraimi Industrial City, highlighted significant growth with investments increasing to 362 projects and 115 third-party projects, totaling 477 by mid-2024. The leased area expanded to 1,879,101sqm.

Fifteen new projects, covering around 87,000sqm, were established in the first half of 2024, spanning industrial, commercial, and service sectors.

Balushi noted incentives for new contracts signed in 2024, including a 100% rental fee exemption for 24 months and a 50% exemption for the subsequent 36 months. These measures aim to boost job opportunities for citizens, enhance local production, and contribute to the national GDP.

Source : www.zawya.com