Muscat: The OPAZ approves major rental reductions to attract investors in 2025.
Under the new scheme:
Ibri, Sur, and Mahas Industrial Cities will benefit from a 50% reduction in rental value for five years for new projects.
Al Mudhaibi, Al Suwaiq, and Madha Industrial Cities will receive a 100% rental exemption for two years, followed by a 50% reduction for the next three years.
The incentives, announced following the board’s first meeting of 2025, are designed to attract new investments, enhance industrial competitiveness, and stimulate economic activity across Oman’s special economic and free zones.
