Madayn delegation visits Saudi Arabia
Times News Service
MUSCAT: A delegation representing the Public Establishment for Industrial Estates (Madayn), headed by its CEO Hilal bin Hamad Al Hasani visited recently the Royal Commission of Jubail at Jubail Industrial City in the Kingdom of Saudi Arabia.
The visit aimed at getting acquainted with the major factors that have contributed to the success of the projects based in Jubail Industrial City including the geographical location, advanced infrastructure and diversity of existing industries, supported by figures and facts that highlight the achievements of the industrial city. Hilal bin Hamad Al Hasani noted that the visit aims at getting familiarised with the experience of the Royal Commission of Jubail in the field of industrial city.
“This experience is recognised as an inspiring model at the local and international levels,” Al Hasani said, adding: “The visit also aims at facilitating the exchange of information and exploring ways of further cooperation between the two parts, especially that Jubail Industrial City is an integrated city that provides comprehensive services for the investors.” The officials of Madayn elaborated more on the vision of Madayn which is to enhance Oman’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission to attract industrial investments and provide continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.
They also outlined the objectives of Madayn which include attracting foreign investments to the Sultanate and localising the national capital; contributing to stimulating the private sector to achieve sustainable economic and social development; achieving environmental sustainability; and contributing to the creation of new job opportunities for the national cadres.
The officials also gave a brief on Madayn’s investment arm – Shumookh Investment and Services, which was established in 2010 to develop infrastructure projects and encourage investments in Madayn’s industrial cities.
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