SFZ gets busy with the pen: Oman’s Salalah Freezone (SFZ) has inked five investment agreements worth OMR 44 mn (USD 114.3 mn) companies from Oman, Kuwait, Iraq, Jordan, and Hong Kong, according to a statement.

A breakdown of the investments included:

  • Hong Kong’s Green Stream Solutions Company inked a OMR 247k agreement to import, repackage, and re-export potash fertilizers.
  • Naseem Salalah Trading and Manufacturing Industries Company inked a OMR 38 mn agreement to launch a factory producing paper tissues in the zone.
  • Kuwait Engineering Industries Company inked a OMR 4.56 mn agreement to launch a factory manufacturing air conditioning units.
  • Jordan’s Tawfiq Medical Supplies Company inked a OMR 760k agreement to build a specialized factory for the production and packaging of blood sugar test strips.
  • Omani firm Wadi Hawjar Company inked a OMR 247k agreement to build a specialized factory for the production and packaging of frankincense soaps, oils, and other products.

SFZ is seeing an investment boom: SFZ inaugurated three new plants last month with a total investment ticket of some OMR 23.4 mn, according to a Oman Public Authority for Special Economic Zones and Freezones (OPAZ) press release. SFZ raked in OMR 728 mn in new investments last year, the statement added.

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