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Muscat – The OPAZ, at its annual media assembly, reviewed its achievements and initiatives in numerous financial, free and industrial zones, and revealed its plans and initiatives throughout the framework of its efforts to attain Oman Imaginative and prescient 2040.
At the moment, there are 21 whole financial, free and industrial zones affiliated to the Authority, together with 13 current zones and eight different zones beneath improvement in numerous governorates.
Talking on the event, H.E. Dr. Ali bin Masoud Al-Sunaidy, Chairman of OPAZ, defined that there are 8 totally different new areas beneath development or beneath examine, and the built-in financial zone in Al Dhahirah Governorate, which is beneath planning and development, might be one of many promising areas.
The overall space of the areas have exceeded 2,200 sq. kilometers, and funding requests exceeded 600; the variety of current initiatives in all areas affiliated to the Authority reached 3,246 initiatives, with greater than 74,000 employees within the particular financial zones and free zones.
His Excellency additional added that the Authority has made a number of efforts to unify the legislative system, full the regulation on particular financial zones and free zones. The Authority was additionally capable of reprogram the financing agreements and supply financing protection for quite a lot of infrastructure initiatives totaling about OMR 46 million with out the necessity to consult with the state treasury.
He identified that the Authority is at present coordinating with the Public Companies Regulatory Authority and the Oman Electrical energy Transmission Firm to develop a mechanism for approving renewable power use certificates for factories working within the Salalah Free Zone to allow them to export inexperienced merchandise.
H.E. Eng. Ahmed bin Hassan Al-Dheeb, Vice President of OPAZ, indicated that OMR 300 million have been allotted for initiatives within the numerous areas that the authority supervises its operation and the areas beneath development through the coming interval.
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