OPAZ Board Approves New Investor Incentives and Key Amendments in First Meeting of 2025

Oman, 4 March, 2025 : The Board of Directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) held its first meeting of 2025, chaired by Sheikh Dr. Ali bin Masoud Al Sunaidy.

During the meeting, the Board approved additional incentives for investors, including reduced rental values for new projects in Ibri, Sur, and Mahas Industrial Cities. It also granted rental reductions and exemptions for projects in Al Mudhaibi, Al Suwaiq, and Madha Industrial Cities.

The Board also approved amendments to the real estate development regulations in the Special Economic Zone at Duqm (SEZAD) to attract more real estate developers and improve procedures in the sector.

Further updates included plans for organizing the industrial area in Al Wadi Al Kabeer, under the management of Madayn, with an aim to enhance infrastructure and update investment regulations. The Board was also briefed on the restructuring of Oman Investment and Development Holding Company (Mubadrah) in coordination with the Oman Investment Authority (OIA).

The meeting concluded with discussions on ongoing projects and efforts to enhance economic development in Oman’s special economic zones and industrial cities.