(MENAFN) Muscat has invested as much as USD500 million in developing 23 projects in Sohar Freezone, according to Arabian Business.
Total project occupancy in phase one, which extends over 500 hectares, reached 80 percent, said Jamal Aziz, CEO of Sohar Freezone.
Jamal Aziz said: "About 23 projects have been committed so far in the free zone. While some of them are operational, some are under construction and others are to begin construction."
Aziz said development on phase two had also started, with development initially extended over 200 hectares and then expanded to 500 hectares and beyond.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.