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ASYAD’s existing free zones in Salalah and Sohar are soon to be joined by a third in Khazaen Economic City – situated near Barka, just outside Oman’s capital city Muscat – and all offer attractive incentives to investors, including 100% foreign ownership, 0% import and re-export duties and 0% personal income tax for employees.
Each free zone benefits from dedicated sector-specific zones and clusters, which address the unique infrastructure needs of individual industries, while allowing for greater business-matching opportunities across the value chain. Further advantages include free trade agreements with US, Singapore, Europe and the GCC.
To support business development, all free zones offer a wide range of impressive, newly developed facilities including offices, warehouses, and retail outlets in close proximity of ASYAD’s ports - ensuring seamless movement of goods via the Sultanate’s integrated world-class transport network.
When all this is combined with the Sultanate’s political stability, neutral regional relations, unrestricted regional access and a USD 26 billion investment in new air, maritime, rail and road infrastructure, it is easy to understand why ASYAD and Oman are rapidly becoming the regional destination of choice for global logistics and manufacturing investors.