Salalah Free Zone signs $89 million usufruct agreements
Salalah Free Zone (SFZ) signed two land development (usufruct) agreements today to establish a unit for petrochemical products and a workshop to maintain and repair containers worth $89 million. A multifunctional unit for treating petrochemical products is set up in the first agreement. Approximately 78,000 square meters of land will be developed for this $89 million project.
Similarly, a second agreement is expected to focus on converting and designing containers to be used as houses, restaurants, workshops, and rooms, which will be built to international standards. With a total cost of $1 million, this project will cover a total area of 3,000 square meters.
By creating direct jobs, both agreements will contribute to Oman’s national economy. Petrochemical products from the factory will be handled through Salalah Port, which will boost the performance of the maritime transport sector. SFZ offers economic incentives for investors, including tax exemptions and complete ownership of projects. Additionally, the SFZ is strategically located next to the Salalah Port.