Skip to Content


Investors Relations

scroll

Annual Reports and Financial Statements

 

Asyad Annual Report 2025

 

Annual Report 2023

 

Annual Report 2022

 

Financial Report 2025

 

Annual Report 2024

 

Financial Report 2024

Asyad Group Launches Construction of Muscat Airport Free Zone to Strengthen Oman’s Position as a Global Logistics Hub and Attract FDI

  • Phase one construction includes land preparation, internal roads, and public services facilities.
  • The ambitious logistics project elevates the Muscat Airport Free Zone into a premier global business hub, strategically positioned to attract foreign direct investment.
  • Asyad Group reaffirms its dedication to accelerating economic growth in Oman, contributing to the nation's Vision 2040 goals.

Asyad Group, Oman's global integrated logistics provider, has commenced the first phase of construction at the Muscat Airport Free Zone, a key project to enhance infrastructure and solidify the zone’s status as a global business hub for foreign direct investment.

Focused on creating a modern, attractive business environment, the project will offer world-class logistics support and facilities designed to attract global and regional companies, financial institutions, general trade firms, and startups. Phase one includes land preparation, leveling, the construction of internal roads, and public service facilities. Additionally, an administrative office complex will be developed in collaboration with the private sector.

By moving forward with this project, Asyad Group underscores its commitment and contribution to accelerating economic growth in Oman. The free zone’s strategic location adjacent to Muscat International Airport heightens its economic importance and ensures its seamless integration within Asyad’s extensive logistics network. This network links land and sea gateways, the dry port, and free and special economic zones, with the goal of boosting exports and imports, particularly for fast-moving products like pharmaceuticals, food, and e-commerce shipments.

As a strategic initiative, the Muscat Airport Free Zone is set to establish an integrated logistics center with world-class air freight capabilities. Asyad, the zone’s developer and operator, aims to provide a comprehensive business environment with tax and customs exemptions and commercial facilities, positioning the zone as a premier investment destination and international business hub in Muscat.

The project also offers unique long-term investment opportunities for the private sector, fostering stability and sustainability for partner companies. This model supports the development of high-value strategic assets within the free zone, contributing to Oman’s national economy and creating new jobs in construction, logistics, and other sectors.

Faisal Ali Al Balushi, Director – Muscat International Airport Free Zone at Asyad Group, said: “As Oman’s first free zone of its kind, this strategic project highlights our commitment to private sector partnerships in building a leading air logistics hub. It will drive economic growth and unlock limitless opportunities for both local and global companies in the logistics sector.”

Al Balushi added: “The free zone presents a golden opportunity for Omani private sector growth, offering competitive advantages and promising investment prospects.”

Through projects like these, Asyad Group remains focused on advancing Oman’s Vision 2040 goals, including boosting the country’s ranking in the Global Competitiveness Index.

Other news

Asyad Group Expands Its Global Footprint with the Acquisition of a Controlling Stake in Uzbekistan’s Logistics Platforms, Advancing Trade Corridors & Regional Connectivity Across Central Asia

Asyad Group, the global integrated logistics provider, announced the closing of a strategic transaction to acquire a controlling stake in key logistics platforms in Uzbekistan, marking its direct entry into Central Asia's fastest-growing logistics market. The transaction, executed in partnership with Orient Group and Uzbek-Oman Investment Company (UzOman), establishes a vital bridge connecting Oman's ports and logistics infrastructure to Central Asia's evolving trade corridors, positioning Asyad as a key player to enable seamless cargo flows between China, Europe, the Middle East, and neighboring Central Asian economies.

Read more

Asyad Strengthens Its Leadership in Sustainable Logistics During Oman Sustainability Week 2026

Asyad Group launched its participation at Oman Sustainability Week 2026 through a series of strategic initiatives and partnerships that reflect its role in advancing more sustainable and efficient logistics systems, while supporting Oman’s ambitions to achieve net zero by 2050. The participation featured the launch of a strategic white paper on the future of green mobility and transport decarbonization, alongside the unveiling of SOHAR Port and Freezone’s first Sustainability Report and the showcasing of the Group’s key efforts in developing lower-emission operational solutions. During the event, the Group claimed the Platinum ESG Award for the third consecutive year, reaffirming its continued commitment to embedding sustainability across its operations and strengthening the competitiveness of the logistics sector.

Read more

Asyad Group Announces Operational Readiness of Muscat Airport Free Zone (MAFZ) to Attract Global Companies and Economic Projects

Asyad Group has announced the operational readiness of the Muscat Airport Free Zone (MAFZ) to attract global companies and economic projects, while opening opportunities for collaboration with the private sector. The initiative also reinforces the integrated logistics solutions offered by Asyad Group, enhancing Oman’s connectivity to regional and international markets.

Read more