Salalah:Muscat Salalah Free Zone has entered into a usufruct agreement with Advanced Packaging Company, part of Alesayi Holding Company from Saudi Arabia, to set up an industrial project for producing carbonated beverages, juices, and energy drinks. This project involves an investment of RO 3.85 million ($10 million).
According to Oman News Agency, the agreement was signed by Dr. Ali bin Mohammed Tabuk, CEO of Salalah Free Zone, and Mohammed Ali Alesayi, Chairman of Alesayi Holding Company. The signing took place at the Public Authority for Special Economic Zones and Free Zones headquarters in Airport Heights, Muscat, with several officials in attendance.
The project will be developed on a 25.5 thousand square meter site in Salalah Free Zone, utilizing existing facilities and additional land to accommodate future expansion. This initiative highlights Saudi investors' interest in the zone and aims to bolster economic ties between Oman and Saudi Arabia.
Dr. Ali bin Mohammed Tabuk emphasized that the project aligns with Salalah Free Zone's strategy to attract quality industrial investments, diversify economic activities, and support Oman's Vision 2040 goals. The project is expected to enhance the industrial sector's capacity to meet local and regional demands and expand export markets.
The strategic location of the Salalah Free Zone, integrated with the Port of Salalah and logistics networks, will offer a competitive advantage for production and export, targeting markets in the GCC, East Africa, Asia, and beyond.
Mohammed Ali Alesayi noted that the new factory will serve the Omani market and export products to Yemen and Africa, marking the third factory for Advanced Packaging Company after its other facilities in Saudi Arabia. Production is expected to begin in six months, creating various job opportunities.
This project will contribute to local value addition through supporting supply chains and utilizing local services in logistics and manufacturing. It also aligns with the zone's efforts to establish an integrated industrial ecosystem, improving the competitiveness of local products and enhancing economic benefits from investments.