MUSCAT: His Majesty Sultan Haitham bin Tarik’s blessing of the proposal to ascertain specialised industrial clusters for pharmaceutical industries and medical units within the financial zones and free zones goals to boost nationwide drug safety and localise pharmaceutical and biomedical industries.
This befell when His Majesty the Sultan presided over the assembly of the Council of Ministers.
Qais bin Mohammed al Yousef, Chairman of the Public Authority for Particular Financial Zones and Free Zones (OPAZ), defined that the proposal to ascertain specialised industrial clusters for pharmaceutical industries and medical units in financial zones and free zones comes by cooperation between the Authority, the Ministry of Well being, related authorities entities, and operators within the Salalah Free Zone, Raysut Industrial Metropolis affiliated with the Public Institution for Industrial Estates “Madayn”, and Khazaen Financial Metropolis.
He mentioned the proposal goals to boost nationwide drug safety, localise pharmaceutical and biomedical industries, and help nationwide efforts geared toward localising pharmaceutical and medical industries whereas attracting qualitative investments to this very important sector.
Al Yousef added that this course comes throughout the framework of constructing an built-in ecosystem for pharmaceutical industries, medical units, and medical provides in particular financial zones, free zones, and industrial cities, and making use of their capabilities when it comes to superior infrastructure and a stimulating funding atmosphere, thereby contributing to enhancing the competitiveness of the Sultanate of Oman as a vacation spot for specialised investments in pharmaceutical and medical industries.
He clarified that the primary section contains launching Salalah Metropolis for Pharmaceutical and Medical Industries, which represents cooperation and integration between Salalah Free Zone and Raysut Industrial Metropolis, with a complete space exceeding a million sq. metres.
Salalah Free Zone is allocating an space of roughly 500,000 sq. metres for medical and pharmaceutical investments, whereas Raysut Industrial Metropolis is allocating an space exceeding 500,000 sq. metres for a similar sector, offering an built-in industrial area that advantages from the commercial and logistical capabilities of Dhofar Governorate and contributes to constructing interconnected worth chains serving producers, suppliers, and repair suppliers related to the sector.
The Chairman of OPAZ identified that the primary section additionally contains establishing a zone for pharmaceutical and medical industries in Khazaen Financial Metropolis over an space exceeding 500,000 sq. metres. Its choice comes primarily based on its strategic location, logistical integration, and proximity to markets and consumption centres, alongside the expansion it’s witnessing in industrial and pharmaceutical investments.
Al Yousef emphasised that the Public Authority for Particular Financial Zones and Free Zones is working with related entities, builders, and operators to arrange these clusters to draw specialised native and worldwide corporations, and to develop an built-in funding ecosystem supporting manufacturing, warehousing, distribution, and export operations, whereas offering the suitable atmosphere for the expansion of pharmaceutical and medical industries and related actions. — ONA
GRAPH POINTS
1. The proposal is being executed by joint efforts between OPAZ, MoH, Salalah Free Zone, Raysut Industrial Metropolis, and Khazaen Financial Metropolis.
2. The primary section introduces Salalah Metropolis for Pharmaceutical and Medical Industries, integrating roughly 500,000 sq. meters in Salalah Free Zone with over 500,000 sq. metres in Raysut Industrial Metropolis to leverage Dhofar Governorate logistical benefits.
3. Section one additionally contains establishing a pharmaceutical and medical trade zone exceeding 500,000 sq. metres in Khazaen Financial Metropolis, chosen for its strategic location, logistics integration, and proximity to main markets.
