São Paulo – Al Buraimi Industrial City, located in the homonymous governorate, received in the first half of 2024 investments amounting to OMR 19 million [USD 49 million], while the overall volume of investment in the city reached OMR 277 million [USD 718 million], state news agency (ONA) reported.
As many as 1,674 employees work at Al Buraimi Industrial City, of them 365 are Omani and 1,309 are expats, with an omanization rate of 22%. The city is located on the direct borderline between Oman and the United Arab Emirates, adjacent to the neighboring country’s city of Al Ain.
Said Abdullah Al Balushi, Director General of Al Buraimi Industrial City, said that the city witnessed growth in the number of projects, investments and leased spaces.
The number of projects that were localized during the first half of 2024 reached 15 projects, with a total area estimated at 87,000 square meters.
Industrial city: Occupancy
Occupancy rate in Al Buraimi Industrial City reached 39%, Al Balushi noted, adding that the number of projects increased to 362 by the end of the first half of 2024 and that the number of third-party projects (subcontracts) reached 115. Thus, the total number of projects reached 477 and the total leased spaces stand at 1.8 million square meters.
Read more:
Brazil and Oman celebrate 50 years of diplomacy
Translated by Guilherme Miranda
