Latest news with #HamdanbinMohammedbinRashidalMaktoum
Muscat Daily
26-05-2025
- Business
- Muscat Daily
Oman, UAE sign deal to develop SEZ in Mahdah
Muscat – Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahadha Development Company, a joint Omani-Emirati venture led by DP World, have signed an agreement to develop and operate the first phase of Al Rawdah Special Economic Zone in Mahdah, Buraimi. The signing ceremony was held in the presence of H H Sayyid Theyazin bin Haitham al Said, Minister of Culture, Sports and Youth, and Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai, and Deputy Prime Minister and Minister of Defence of the United Arab Emirates (UAE). The agreement was signed by Ahmed bin Hassan al Dheeb, Vice-Chairman of OPAZ, and Sultan Ahmed bin Sulayem, Chairman and CEO of DP World. According to Dheeb, the special economic zone (SEZ) aims to support job creation, attract advanced technologies and contribute to sustainable development. He noted that its strategic location on the Oman-UAE border provides access to the ports of Suhar and Jebel Ali, improving logistics and market reach across Gulf, Asian and African regions. Sulayem described the project as a 'new chapter' in the economic relations between Oman and the UAE. '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 our nations.' Under a 50-year usufruct agreement, Mahadha Development Company will initially develop 14sqkm, with the option to expand to 25sqkm. The developer is responsible for infrastructure, public utilities, environmental studies, and master planning covering industrial, commercial and service sectors. The first phase will target key industries including manufacturing, logistics, pharmaceuticals, mining, food processing, plastics and safety services. The SEZ will offer investment incentives including a ten-year income tax exemption, customs duty waivers on imports and exports, and 100% foreign ownership. Strategic projects will benefit from single-window approvals. The project also aims to support tourism, enhance the region's business environment, and create opportunities for small and medium enterprises.
Muscat Daily
26-05-2025
- Business
- Muscat Daily
Crown Prince of Dubai H H Sheikh Hamdan visited Oman
Muscat – His Highness Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the United Arab Emirates, arrived in the Sultanate of Oman today for an official visit, heading a high-level delegation. The visit underscores the deep-rooted ties between the UAE and Oman and aims to strengthen cooperation across a range of sectors. His Highness also met with His Majesty Sultan Haitham bin Tarik and held talks with senior Omani officials to explore avenues of strategic partnership and mutual development. Accompanying Sheikh Hamdan were prominent members of the UAE leadership, including H H Sheikh Ahmed bin Mohammed bin Rashid al Maktoum, Second Deputy Ruler of Dubai; H H Sheikh Ahmed bin Saeed al Maktoum, President of Dubai Civil Aviation Authority and Chairman of Emirates Airline and Group; and H H Sheikha Latifa bint Mohammed bin Rashid al Maktoum, Chairperson of Dubai Culture and Arts Authority. The delegation also included Mohammad bin Abdullah al Gergawi, Minister of Cabinet Affairs; Sheikh Salem bin Khalid al Qassimi, Minister of Culture; Dr. Thani bin Ahmed al Zeyoudi, Minister of State for Foreign Trade; Omar bin Sultan al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications; and Maryam bint Ahmed al Hammadi, Minister of State. Other senior officials accompanying the Crown Prince included Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers; Abdulla al Basti, Secretary General of The Executive Council of Dubai; Lieutenant General Talal Belhoul al Falasi, President of Dubai's State Security Department; Helal Saeed Al Marri, Director General of the Dubai Department of Economy and Tourism; and Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of the Dubai International Chamber of Commerce. His Highness Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the United Arab Emirates, concluded his visit and has departed for UAE. The visit reflects the shared vision of the UAE and Oman to foster deeper collaboration and reinforce their longstanding fraternal relationship.
Muscat Daily
26-05-2025
- Business
- Muscat Daily
Crown Prince of Dubai H H Sheikh Hamdan arrives in Oman
Muscat – His Highness Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the United Arab Emirates, arrives in the Sultanate of Oman today for an official visit, heading a high-level delegation. The visit underscores the deep-rooted ties between the UAE and Oman and aims to strengthen cooperation across a range of sectors. His Highness is scheduled to meet with His Majesty Sultan Haitham bin Tarik and hold talks with senior Omani officials to explore avenues of strategic partnership and mutual development. Accompanying Sheikh Hamdan are prominent members of the UAE leadership, including H H Sheikh Ahmed bin Mohammed bin Rashid al Maktoum, Second Deputy Ruler of Dubai; H H Sheikh Ahmed bin Saeed al Maktoum, President of Dubai Civil Aviation Authority and Chairman of Emirates Airline and Group; and H H. Sheikha Latifa bint Mohammed bin Rashid al Maktoum, Chairperson of Dubai Culture and Arts Authority. The delegation also includes Mohammad bin Abdullah al Gergawi, Minister of Cabinet Affairs; Sheikh Salem bin Khalid al Qassimi, Minister of Culture; Dr. Thani bin Ahmed al Zeyoudi, Minister of State for Foreign Trade; Omar bin Sultan al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications; and Maryam bint Ahmed al Hammadi, Minister of State. Other senior officials accompanying the Crown Prince include Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers; Abdulla al Basti, Secretary General of The Executive Council of Dubai; Lieutenant General Talal Belhoul al Falasi, President of Dubai's State Security Department; Helal Saeed Al Marri, Director General of the Dubai Department of Economy and Tourism; and Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of the Dubai International Chamber of Commerce. The visit reflects the shared vision of the UAE and Oman to foster deeper collaboration and reinforce their longstanding fraternal relationship.
