Oman Unveils New Incentives to Boost Investment in Al Mazunah Free Zone

Oman, 22 January, 2025 : The Public Establishment for Industrial Estates (Madayn) has launched a new incentives package for investors and business owners in Al Mazunah Free Zone. The announcement was made during the Al Mazunah Economic Exhibition and Forum, emphasizing Madayn's commitment to fostering a strong investment environment in Oman.

Eng. Ahmed Khamis Al Kasbi, Director General of Al Mazunah Free Zone, revealed that the Public Authority for Special Economic Zones and Free Zones (Opaz) approved key incentives, including a 30% exemption from accumulated debts and a 50% reduction in rental costs for the next five years. These measures aim to boost the zone’s competitiveness and attract more investment.

Al Kasbi also noted that Al Mazunah Free Zone saw a 20% increase in imports in 2024, with over 240,000 tons of goods entering the zone. The free zone offers fully developed infrastructure, including essential facilities and services, making it a key hub for regional trade and economic activity.

The ongoing Al Mazunah Economic Exhibition and Forum features over 100 local and international companies, providing opportunities for collaboration and partnerships.