Oman has taken a decisive step in transforming the Economic Zone at Al Dhahirah (EZAD) into a major industrial and logistics hub in the GCC, following the signing of seven key agreements and memoranda of understanding under the leadership of OPAZ Chairman Dr. Ali Masoud Al Sunaidy.
Major Infrastructure Contract
A central agreement involves a RO 22.3 million contract for roadworks and stormwater infrastructure, awarded to a joint Omani-Saudi consortium (Circa, Pladco, and Gonk). The 24-month project includes 17 km of dual and single carriageways, solar street lighting, stormwater channels, and a 6.3 km wadi diversion to mitigate flood risk. The deal mandates 30% Omanisation and RO 1.23 million in SME subcontracts.
Strategic Banking Partnership
OPAZ also signed an MoU with Sohar International Bank to deliver tailored financial solutions, advisory support, and streamlined services for EZAD investors—boosting investor confidence and ease of doing business.
Vision for Al Dhahirah
Spanning 388 km², EZAD is designed to be an integrated industrial and logistics center fostering intra-GCC trade, especially between Oman and Saudi Arabia. The first development phase, covering 20 km², is already in motion with a focus on sustainability, an inland port, and modern residential areas for workers and residents.
Engineering and Investment Partnerships
Agreements with Al Watanyiah United Engineering (Oman) and Dar Al Riyadh (Saudi Arabia) will deliver end-to-end technical, structural, and infrastructure design support. Meanwhile, MoUs with Poly Products Co. Ltd., Naseem Ibra Company, and Sohar Bank highlight growing private sector confidence.
With its proximity to the Rub Al Khali border crossing, EZAD is positioned to be a vital driver of Oman’s diversification agenda—powering trade, clean industry, and regional growth.
Source: mepmiddleeast.com
