Latest news with #industrialgrowth
Zawya
2 days ago
- Business
- Zawya
Oman: Total investment in Al Buraimi Industrial City hits $711mln
Muscat: Al Buraimi Industrial City, affiliated with the Public Establishment for Industrial Estates (Madayn), successfully signed 16 investment contracts in 2024, with a total investment value of OMR7,970,000. These contracts involve establishing projects on areas exceeding 165,000 square metres across various sectors, including automotive oil manufacturing, paper and cardboard, food, water, and cosmetics. Said bin Abdullah Al Balushi, Director General of Al Buraimi Industrial City, stated that the industrial city has recorded an outstanding performance during 2024 as the cumulative investment volume has now exceeded OMR274 million. 'This is attributed to the constant efforts by Madayn to create a competitive and attractive business environment for investors, while emphasising on job creation, supporting small and medium enterprises, and promoting economic diversification and sustainable industrial growth in line with Oman Vision 2040." Al Balushi pointed out that the dualisation of Al Buraimi–Mahdah Road, currently being implemented by the relevant authorities in coordination with Madayn, represents a key project of strategic significance, serving as a main artery linking the Wilayat of Mahdah with Al Buraimi Governorate. The road will connect to both Phase 1 and Phase 2 of Al Buraimi Industrial City, providing major solutions for organising entrances and exits to each phase, ensuring smooth access between them, and ultimately serving investors by saving time and effort. He added that Al Buraimi Industrial City signed a cooperation agreement last week with Al Buraimi University College to enhance collaboration through knowledge exchange, events and activities, training of students and national cadres, and support for research and innovation projects. It is worth noting that Al Buraimi Industrial City spans 14,414,294 square metres, of which 4,247,099 square metres area is already developed. Strategically divided into two geographically distinct phases, the industrial city enjoys a prime location along the Sultanate of Oman's border with the United Arab Emirates. This unique positioning offers investors and companies seamless access to the GCC markets—particularly the UAE—enhancing the city's competitive advantage through efficient cross-border trade, streamlined logistics, and proximity to major highways that connect directly to key Omani ports such as Sohar Port. Al Buraimi Industrial City is home to a diverse range of sectors, including food industries, manufacturing, logistics and warehouse services, as well as chemical and plastics industries—making it a dynamic hub for industrial growth and regional connectivity. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
3 days ago
- Automotive
- Times of Oman
Total investment in Al Buraimi Industrial City hits OMR274mn
Muscat: Al Buraimi Industrial City, affiliated with the Public Establishment for Industrial Estates (Madayn), successfully signed 16 investment contracts in 2024, with a total investment value of OMR7,970,000. These contracts involve establishing projects on areas exceeding 165,000 square metres across various sectors, including automotive oil manufacturing, paper and cardboard, food, water, and cosmetics. Said bin Abdullah Al Balushi, Director General of Al Buraimi Industrial City, stated that the industrial city has recorded an outstanding performance during 2024 as the cumulative investment volume has now exceeded OMR274 million. 'This is attributed to the constant efforts by Madayn to create a competitive and attractive business environment for investors, while emphasising on job creation, supporting small and medium enterprises, and promoting economic diversification and sustainable industrial growth in line with Oman Vision 2040." Al Balushi pointed out that the dualisation of Al Buraimi–Mahdah Road, currently being implemented by the relevant authorities in coordination with Madayn, represents a key project of strategic significance, serving as a main artery linking the Wilayat of Mahdah with Al Buraimi Governorate. The road will connect to both Phase 1 and Phase 2 of Al Buraimi Industrial City, providing major solutions for organising entrances and exits to each phase, ensuring smooth access between them, and ultimately serving investors by saving time and effort. He added that Al Buraimi Industrial City signed a cooperation agreement last week with Al Buraimi University College to enhance collaboration through knowledge exchange, events and activities, training of students and national cadres, and support for research and innovation projects. It is worth noting that Al Buraimi Industrial City spans 14,414,294 square metres, of which 4,247,099 square metres area is already developed. Strategically divided into two geographically distinct phases, the industrial city enjoys a prime location along the Sultanate of Oman's border with the United Arab Emirates. This unique positioning offers investors and companies seamless access to the GCC markets—particularly the UAE—enhancing the city's competitive advantage through efficient cross-border trade, streamlined logistics, and proximity to major highways that connect directly to key Omani ports such as Sohar Port. Al Buraimi Industrial City is home to a diverse range of sectors, including food industries, manufacturing, logistics and warehouse services, as well as chemical and plastics industries—making it a dynamic hub for industrial growth and regional connectivity.
Zawya
7 days ago
- Business
- Zawya
Himatrix launches key phase of Dubai Industrial City R&D unit
Himatrix Group, a leading industrial equipment supplier in Dubai, has inaugurated the first phase of its application lab, research, and training centre at Dubai Industrial City. Spanning 45,000 sq ft, the key facility will support its 100-strong workforce. Spanning 45,000 sq ft, the facility at Dubai Industrial City, part of Tecom Group, will support Himatrix Group's vision for growth and expansion during 2024 in regional and international markets by leveraging the district's strategic geographic location and links to regional and global transportation hubs, including Jebel Ali seaport, Al Maktoum International Airport, intra-regional highway networks and soon, an Etihad Rail freight terminal. Himatrix Group is the parent company of entities including Himatrix Measurements Equipment's, Himatrix Measurement Laboratory, Matrix Packing Materials Manufacturing, and Icpro Technologies. With state-of-the-art technology installed at the facility, the new hub is designed to accommodate Himatrix Group's planned recruitment of additional specialists to support its 100-strong workforce, which will be based at the new centre. "Industrialisation-led economic growth requires that manufacturers have access to an environment that not only encourages innovation but also empowers local production," said Saud Abu Alshawareb of Dubai Industrial City. "Himatrix Group's inauguration at Dubai Industrial City is a testament to market confidence in our ecosystem, which embodies the goals of the Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33' strategies to promote the manufacturing sector's expansion in the UAE and beyond," stated Alshawareb. "Such specialised laboratories strengthen the industrial cycle that our ecosystem offers to its customers, and we welcome Himatrix Group to unlock opportunities and target further growth from its new base at our district," he added. The company plans to expand its partnerships with global leaders in the field of instrumentation engineering, such as Radwag, Sciex, Ametek, Kruss and Wipotec, and present them with new technology opportunities, through the facility. Himatrix Group Founder and Managing Director Nadeer Ali said: "Innovative ventures such as our new facility at Dubai Industrial City will provide our Middle East customers with unparalleled service quality, setting new benchmarks in customer service not only for the pharmaceutical sector but also for other industries requiring advanced measurement technologies." On its new facility, Ali said: "For us, it represents not just a space for further innovation but more significantly, another step toward excellence." "This facility is a crucial part of our mission to deliver exceptional solutions for our clients and guide them through the latest trends and updates in the realm of mass measurement metrology, analytical science, and physical testing," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
27-05-2025
- Business
- Trade Arabia
Himatrix launches key phase of Dubai Industrial City R&D unit
Himatrix Group, a leading industrial equipment supplier in Dubai, has inaugurated the first phase of its application lab, research, and training centre at Dubai Industrial City. Spanning 45,000 sq ft, the key facility will support its 100-strong workforce. Spanning 45,000 sq ft, the facility at Dubai Industrial City, part of Tecom Group, will support Himatrix Group's vision for growth and expansion during 2024 in regional and international markets by leveraging the district's strategic geographic location and links to regional and global transportation hubs, including Jebel Ali seaport, Al Maktoum International Airport, intra-regional highway networks and soon, an Etihad Rail freight terminal. Himatrix Group is the parent company of entities including Himatrix Measurements Equipment's, Himatrix Measurement Laboratory, Matrix Packing Materials Manufacturing, and Icpro Technologies. With state-of-the-art technology installed at the facility, the new hub is designed to accommodate Himatrix Group's planned recruitment of additional specialists to support its 100-strong workforce, which will be based at the new centre. "Industrialisation-led economic growth requires that manufacturers have access to an environment that not only encourages innovation but also empowers local production," said Saud Abu Alshawareb of Dubai Industrial City. "Himatrix Group's inauguration at Dubai Industrial City is a testament to market confidence in our ecosystem, which embodies the goals of the Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33' strategies to promote the manufacturing sector's expansion in the UAE and beyond," stated Alshawareb. "Such specialised laboratories strengthen the industrial cycle that our ecosystem offers to its customers, and we welcome Himatrix Group to unlock opportunities and target further growth from its new base at our district," he added. The company plans to expand its partnerships with global leaders in the field of instrumentation engineering, such as Radwag, Sciex, Ametek, Kruss and Wipotec, and present them with new technology opportunities, through the facility. Himatrix Group Founder and Managing Director Nadeer Ali said: "Innovative ventures such as our new facility at Dubai Industrial City will provide our Middle East customers with unparalleled service quality, setting new benchmarks in customer service not only for the pharmaceutical sector but also for other industries requiring advanced measurement technologies." On its new facility, Ali said: "For us, it represents not just a space for further innovation but more significantly, another step toward excellence."
South China Morning Post
27-05-2025
- Business
- South China Morning Post
China industrial profits on upward trend, Xinjiang eyes travel boom: SCMP daily highlights
Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing China's large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty. China's Xinjiang – an ethnically diverse region that still faces Western sanctions over a slew of human-rights issues – plans to open up to more foreign visitors, as the local government strives to boost tourism and diversify the regional economy. The return of Dan Yang, along with her husband Mu-ming Poo, to China signals a growing trend of top-tier scientists being drawn to the nation's ambitious research ecosystem. Photo: Undated handout After spending 35 years in the United States pioneering research on the neural circuits that govern sleep and executive brain functions of the frontal cortex, neuroscientist Dan Yang has returned to China to join the Shenzhen Medical Academy of Research and Translation (SMART) as a senior principal investigator.
