Work has officially commenced on Oman’s first airport free zone, located next to Muscat International Airport. This landmark project will further bolster the country’s growing network of investment hubs.
The Muscat Airport Free Zone (MAFZ) is being developed under the management of Asyad Group, Oman’s global logistics services provider, following a concession agreement granted by the Public Authority for Special Economic Zones and Free Zones (OPAZ) last year.
Spanning an area of 1.7 km², MAFZ will be constructed in phases, with Phase 1 covering 370,000 m² dedicated to public facilities and services. Local contractor Abu Hatim Co LLC has been awarded the Phase 1 infrastructure works, which include access roads, street lighting, and land preparation. International engineering firm Parsons has been appointed as the Design Consultant.
Faisal Ali al Balushi, Director of MAFZ at Asyad Group, remarked on the project’s significance: “We are thrilled to begin construction of the Muscat Airport Free Zone, marking a major step in positioning Oman as a global logistics hub. This milestone is pivotal for both Asyad Group and Oman, as we drive economic diversification and attract foreign investment.”
Balushi emphasized that MAFZ, with its world-class infrastructure and prime location adjacent to the country’s largest airport, will play a crucial role in advancing Oman’s integrated logistics capabilities. The free zone will offer a platform for global businesses to set up operations in Oman, promoting economic activities such as the import and value addition of goods for re-export, logistics services for express shipping, and e-commerce. The zone is also expected to attract investments in light industries focused on high-value exports.
MAFZ will benefit from its integration with Oman’s air, sea, and land ports, as well as other economic zones across the country, providing investors with enhanced connectivity and logistical advantages.
Incentives for investors include 100% foreign ownership, zero import and export duties, no minimum capital requirements, up to 15 years of income tax exemption, and a streamlined process for obtaining permits, licenses, and approvals.
Asyad Group recently invited private sector investors to design, build, finance, operate, and transfer a 4,925 m² office complex within MAFZ. The facility will offer ready-to-use office spaces, retail areas, and a variety of business meeting and event rooms to accommodate the needs of investors and businesses.
