Turkey will establish an industrial zone for $11 billion in Oman

Turkey carries its production experience abroad through OIZs. Having signed a protocol with Oman, Gebze OIZ will establish an industrial zone for $11 billion in the country.

Exporting the Organized Industrial Zone (OIZ) model to many countries abroad, Turkey took the last step in the Sultanate of Oman. Gebze OIZ (GOSB), which is the largest OIZ in Turkey, signed a cooperation protocol with the delegation with the Private Economic and Free Spaces Authority of the sultanate, which has an autonomous management system on the Indian Ocean coast. Within the scope of the signed protocol, GOSB will establish a giant OIZ of $11 billion on an area of 10 million square meters in the country. The foundation of the investment, which is a candidate to be one of the few OIZs in the world, will be laid in July and will become operational on October 29, 2023.


Saying that they were welcomed with a state protocol in the country, GOSB Chairman of the Board Vahit Yildirim said, “We signed a protocol for the OIZ to be established within the borders of the Duqm Special Economic Zone. There will be great economic gains for both countries. The Investment of the Sultanate of Oman Investment will be financed by the Sultanate of Oman. There will be a total of 250 factories here.” Explaining that Oman is a country that offers serious advantages to investors, Yildirim said: “Oman has Free Trade Agreements with many countries. It is also a country that loves and values Turks. With this industrial zone, Turkish and foreign investors will be able to open up to different markets using the country’s existing trade agreements. We are extremely proud to bring our experience in OIZ here.”


Having the largest industrial cluster in Turkey, GOSB has carried its experience in this field to countries such as Serbia, Uzbekistan, Kazakhstan, Tatarstan and Bulgaria. Informing that it will be the biggest investment in Oman, Vahit Yildirim said, “Our investment in Serbia was $5 billion. We are talking about a giant investment in Oman. We will carry the great experience of our country in industry here.”


Great importance is attached to the investment, which plans to make Oman the production base of the region. It was learned that the leading names of this economy bureaucracy played an active role in the process. Regarding the Organized Industrial Zone, Dr. Khamis Bin Saif Al Jabri, Head of Oman 2040 Vision Implementation Follow-up Unit, met with Dr. Ali Bin Masoud Al Sunaidy, Head of Special Economic Zones and Free Zones Public Authority, Sayyid Saud Bin Hilal Bin Hamad Al-Busaidi, Minister of State and Governor of Muscat and Minister of Industry, Trade and Investments Qais Mohammed Al-Yousef. Ayse Sozen Usluer, Ambassador of the Republic of Turkey to Muscat, and Qasım Mohamad Salim Al Salhi, Ankara Ambassador of the Sultanate of Oman, also attended the signing ceremony.

Source: Sabah / Translated by Irem Yildiz

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