Latest news with #AlRawdahEconomicZone
Al Bawaba
7 days ago
- Business
- Al Bawaba
Top UAE Companies Line Up for Opportunities in New Al Rawdah Special Economic Zone
A group of leading UAE-based companies have signed Letters of Intent to explore investment opportunities in the newly announced Al Rawdah Special Economic Zone, a major industrial and logistics hub being developed at the Oman-UAE companies, many of which are based in the Jebel Ali Free Zone (Jafza), represent a diverse range of sectors, including logistics, manufacturing, steel fabrication and companies include:• Al Bayader: a leading manufacturer and distributor of sustainable food packaging • Apparel Group: a retail operator managing over 80 fashion and lifestyle brands• Camtech Manufacturing: a manufacturer of high-performance industrial valves• Conares: one of the region's largest private steel manufacturers• Indu Kishore Logistic: a specialist in freight forwarding and multimodal logistics• Kimoha Entrepreneurs: a provider of labeling, packaging, and RFID solutions• NAFFCO: a global leader in fire safety and life protection solutions• New East: a leading distributor of automotive spare parts• Oriental General Trading: a diversified trading and distribution company• Palmon Group: a developer and operator of industrial and logistics facilities• Technical Resources: production and supply of high-tech generators, industrial pumps, and components linked to Parker oil and gas products• Spinneys: diversified food manufacturer and distributorWhile the Letters of Intent are non-binding, they reflect strong private sector interest in leveraging the Al Rawdah Special Economic Zone as a platform for regional expansion and cross-border Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: 'The early interest shown by leading companies in the UAE reflects the strong potential of the Al Rawdah Economic Zone to transform trade and logistics between our two nations. Our vision is to create an integrated ecosystem that will open fresh opportunities for businesses and contribute to the long-term prosperity of the UAE and Oman.'Strategically located in Oman's Al Buraimi Governorate, Al Rawdah Special Economic Zone will provide cross-border connectivity to key regional trade corridors, including Jebel Ali Port. Designed to support a wide range of industrial, processing and commercial activities, the zone will initially be focused on opportunities in automotive-related manufacturing, injection molding, textiles and apparel, steel fabrication, logistics and strong backing from both the UAE and Omani governments, the Al Rawdah zone is set to become a strategic gateway for industrial growth and regional economic integration. The zone is being developed by Mahadha Development Company, an Emirati-Omani joint venture in which DP World is the majority partner. Phase 1 of the project will cover 14 square kilometres, with expansion plans to reach 25 square kilometres in Phase 2.
Zawya
27-05-2025
- Business
- Zawya
Top UAE companies line up for opportunities in new Al Rawdah Special Economic Zone
Muscat, Oman: A group of leading UAE-based companies have signed Letters of Intent to explore investment opportunities in the newly announced Al Rawdah Special Economic Zone, a major industrial and logistics hub being developed at the Oman-UAE border. The companies, many of which are based in the Jebel Ali Free Zone (Jafza), represent a diverse range of sectors, including logistics, manufacturing, steel fabrication and packaging. The companies include: Al Bayader: a leading manufacturer and distributor of sustainable food packaging Apparel Group: a retail operator managing over 80 fashion and lifestyle brands Camtech Manufacturing: a manufacturer of high-performance industrial valves Conares: one of the region's largest private steel manufacturers Indu Kishore Logistic: a specialist in freight forwarding and multimodal logistics Kimoha Entrepreneurs: a provider of labeling, packaging, and RFID solutions NAFFCO: a global leader in fire safety and life protection solutions New East: a leading distributor of automotive spare parts Oriental General Trading: a diversified trading and distribution company Palmon Group: a developer and operator of industrial and logistics facilities Technical Resources: production and supply of high-tech generators, industrial pumps, and components linked to Parker oil and gas products Spinneys: diversified food manufacturer and distributor While the Letters of Intent are non-binding, they reflect strong private sector interest in leveraging the Al Rawdah Special Economic Zone as a platform for regional expansion and cross-border trade. His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: 'The early interest shown by leading companies in the UAE reflects the strong potential of the Al Rawdah Economic Zone to transform trade and logistics between our two nations. Our vision is to create an integrated ecosystem that will open fresh opportunities for businesses and contribute to the long-term prosperity of the UAE and Oman.' Strategically located in Oman's Al Buraimi Governorate, Al Rawdah Special Economic Zone will provide cross-border connectivity to key regional trade corridors, including Jebel Ali Port. Designed to support a wide range of industrial, processing and commercial activities, the zone will initially be focused on opportunities in automotive-related manufacturing, injection molding, textiles and apparel, steel fabrication, logistics and trading. With strong backing from both the UAE and Omani governments, the Al Rawdah zone is set to become a strategic gateway for industrial growth and regional economic integration. The zone is being developed by Mahadha Development Company, an Emirati-Omani joint venture in which DP World is the majority partner. Phase 1 of the project will cover 14 square kilometres, with expansion plans to reach 25 square kilometres in Phase 2. For media enquiries, please contact: Jack Rigby Director Corporate Communications About DP World DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 100,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer's door. WE MAKE TRADE FLOW
Zawya
27-05-2025
- Business
- Zawya
Oman, UAE sign deal to launch Al-Rawdah SEZ
MUSCAT: The Public Authority for Special Economic Zones and Free Zones (OPAZ) has entered into a landmark agreement with Mahdah Development Company—an Omani-Emirati partnership represented by DP World—to develop and operate the first phase of the Al-Rawdah Special Economic Zone in Al Buraimi Governorate. The signing ceremony was held in the presence of His Highness Sayyid Theyazin bin Haitham al Said, Minister of Culture, Sports, and Youth, and His Highness Shaikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defense of the United Arab Emirates. Signing on behalf of OPAZ was Eng Ahmed bin Hassan al Dheeb, Vice-Chairman of OPAZ, while Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, represented the Emirati side. Eng Ahmed al Dheeb emphasised that the Al-Rawdah Special Economic Zone is a strategic initiative aligned with the goals of Oman Vision 2040. He noted that the project is designed to create employment opportunities, attract cutting-edge technologies, and promote a sustainable, business-friendly environment. The zone's location in Wilayat Mahdah, strategically positioned at the crossroads between Oman and the United Arab Emirates, ensures direct connectivity to Sohar Port and Jebel Ali Port. This geographic advantage is expected to enhance logistics efficiency, reduce operational costs, and improve market access across the Gulf, Asia, and Africa. Sultan Ahmed bin Sulayem described the project as a new chapter in economic cooperation between Oman and the UAE. He reiterated DP World's commitment to developing a world-class trade and investment hub in partnership with OPAZ and Omani stakeholders. The project, he said, will serve as a platform for sustainable and diversified economic growth while deepening commercial ties between the two countries. Under the 50-year usufruct agreement, Mahdah Development Company will initially develop 14 square kilometers of the zone, with the potential to expand to 25 square kilometers in a second phase, subject to a detailed development plan. The company is tasked with delivering core infrastructure, including road networks, water and sewage systems, and other public utilities. It will also prepare a comprehensive master plan, conduct environmental assessments, and outline zoning layouts for industrial, logistics, commercial, and service sectors. The first phase will focus on attracting investment in key sectors such as manufacturing, logistics and warehousing, pharmaceuticals, plastics, mining, food processing, and safety and security services. This multi-sectoral approach is expected to attract high-value investors and support long-term business viability. To incentivize investment, Al-Rawdah Special Economic Zone will offer a host of benefits, including a 10-year income tax exemption extendable for two additional terms, customs duty exemptions on imports, exports, and stored goods, and streamlined licensing and permitting through a one-stop shop. Foreign investors will be permitted 100% ownership of their enterprises, while strategic projects will benefit from a single-window approval process for establishment and operation. In addition to its economic and trade focus, the zone is positioned to facilitate supply chain development and re-export activities between Oman, the UAE, and broader global markets. It is also expected to enhance lifestyle offerings, promote tourism, and support business diversification within Mahdah and the wider Al Buraimi Governorate. The initiative is seen as a catalyst for job creation and small and medium enterprise (SME) development in the region. The signing of the agreement reinforces Oman's commitment to economic diversification, strengthening strategic partnerships, and attracting quality investments in alignment with the long-term aspirations of Oman Vision 2040. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
27-05-2025
- Business
- Zawya
DP World unit in deal to develop Al Rawdah Special Economic Zone project
Mahadha Development Company, an Emirati-Omani joint venture majority owned by DP World, today (May 26) signed an agreement with Omani authorities for the development of the first phase of Al Rawdah Special Economic Zone in Al Buraimi Governorate. The Phase 1 will cover 14 sq km, with expansion plans to reach 25 sq km in Phase 2. The zone will benefit from direct connectivity to both Jebel Ali Port in Dubai and Omani ports, enhancing cross-border logistics. Under the agreement, Mahadha will be responsible for developing the infrastructure and facilities, preparing the masterplan and environmental studies, and designing the initial layout. The first phase will target a range of economic activities, including manufacturing, logistics, warehousing, pharmaceuticals, medical supplies, plastics, mining, food processing, and security and safety services - all provided through an integrated one-stop-shop service model. The agreement was signed by Engineer Ahmed bin Hassan Al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones (Opaz), and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, representing Mahadha Development Company, which will develop the new zone. The deal was inked in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, and Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth of Oman. On the occasion, Bin Sulayem said: "The Al Rawdah Special Economic Zone represents a new chapter in the growing economic relationship between the UAE and the Sultanate of Oman. Through close collaboration with Opaz and our Omani partners, this new zone will strengthen our deep trade ties while reflecting our shared ambition for sustainable and diversified economic growth." "At DP World, we are committed to developing a world-class platform that will create new opportunities for growth, strengthen connectivity and bring long-term economic value to both Oman and the UAE," he stated. In his speech, Engineer Al Dheeb said: "The Al Rawdah Special Economic Zone has been designed to support key development goals, including creating jobs, attracting advanced knowledge and modern technologies, and fostering a business-friendly environment that aligns with the sustainable development objectives of Oman Vision 2040." "The zone's strategic location in the Buraimi Governorate - at the crossroads between Oman and the UAE - provides seamless connectivity to both Sohar Port and Jebel Ali Port. This positioning is expected to enhance logistics efficiency, lower costs, and improve market access across Gulf, Asian, and African trade routes," he added. The Al Rawdah project is a strategic initiative that will leverage its geographic location to strengthen supply chains, re-export activity, and logistics connectivity between Oman, the UAE, and international markets. The zone will serve as a key engine of economic diversification aligned with the Dubai Economic Agenda D33 and Oman Vision 2040. It aims to attract foreign direct investment (FDI), increase industrial output, and create thousands of jobs as the zone scales over the coming decades. In 2024, non-oil trade between the UAE and Oman reached a record AED56 billion - a 9.8% increase from the previous year - highlighting the deepening economic partnership. The Al Rawdah Zone is expected to accelerate this trend by establishing a modern and advanced ecosystem for trade and manufacturing. DP World brings four decades of expertise in developing and operating economic zones, including the Jebel Ali Free Zone (Jafza), the first free zone in the Middle East and one of the most successful globally. This experience along with its portfolio of 11 economic zones worldwide positions DP World to deliver a future-ready, integrated platform in Oman, supported by Opaz's national development strategy.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
The National
26-05-2025
- Business
- The National
Sheikh Hamdan meets Sultan Haitham of Oman in Muscat
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, on Monday met Sultan Haitham of Oman at Al Baraka Palace in Muscat. The meeting focused on building relations between the countries, with discussions focused on strengthening co-operation across key sectors, particularly in the economic, commercial, tourism, cultural and knowledge fields, Dubai Media Office reported. Sheikh Hamdan said the visit had been fulfilling, emphasising that it serves to highlight the depth and strength of relations between the UAE and Oman. He also said both countries were in agreement about reinforcing strategic priorities and expanding Gulf co-operation. He later held talks with Fahd bin Mahmoud Al Said, Oman's Deputy Prime Minister for Cabinet Affairs, in a meeting focused on development goals, particularly in the economic, political, scientific, and cultural fields. Sheikh Hamdan also met Shihab bin Tariq Al Said, Oman's Deputy Prime Minister for Defence Affairs, to discuss strengthening co-operation and joint efforts between the armed forces on either side. They also highlighted the need for greater international co-operation to achieve lasting peace in the region and around the world. The Crown Prince of Dubai then witnessed the signing of an agreement to develop and operate the first phase of Oman's Al Rawdah Special Economic Zone. He described it as "a key milestone in advancing our economic partnership and collaboration". Concluding his visit, he attended a lunch at Al Bustan Palace hosted by Theyazin bin Haitham Al Said, Oman's Minister of Culture, Sports and Youth. Last year, President Sheikh Mohamed held high-level talks with Sultan Haitham in Abu Dhabi, where the two nations struck deals to bolster ties in sectors such as renewable energy, technology and rail infrastructure. The two leaders witnessed the signing of agreements aimed at strengthening bilateral relations as part of Sultan Haitham's state visit. The deals also covered investment, sustainability and education. Last month, Sheikh Hamdan held high-level talks with Indian Prime Minister Narendra Modi in New Delhi as part of an official visit. The Crown Prince met senior officials for talks aimed at furthering partnerships between the UAE and India.
