Page 176 - MINISTRY OF CULTURE PR REPORT - MAY 2025 (ENGLISH)
P. 176
5/27/25, 3:59 PM UAE and Oman to boost $15.2bn trade with massive special economic zone at Al Buraimi border - Arabian Business: Latest News …
Continue reading this article for free
Sign-up to unlock limited free access
Create your account now
Already have an account? Sign in here
T h e l a t e s t b u s i n e s s n e w s I n - d e p t h a n a l y s i s E xc l u s i ve i n t e r v i e w s
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime
Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, witnessed the
signing of an agreement to develop and operate the first phase of the Al Rawdah Special Economic
Zone, located in the Wilayat of Mahadha, Al Buraimi Governorate, in the Sultanate of Oman.
Phase 1 of the project will cover 14sq km, with expansion plans to reach 25sq km in Phase 2. The
zone will benefit from direct connectivity to both Jebel Ali Port in Dubai and Omani ports, enhancing
cross-border logistics.
Al Rawdah Special Economic Zone boosts UAE-Oman trade
The signing took place during the visit of a high-level UAE delegation to Oman led by Sheikh Hamdan
bin Mohammed.
The signing of the agreement, which took place in Muscat, was attended by Sayyid Theyazin bin
Haitham Al Said, Minister of Culture, Sports and Youth of Oman. The agreement is par t of the
flourishing economic cooperation between the two nations.
The agreement was signed by Ahmed bin Hassan Al Dheeb, Deputy Chairman of the Public Authority
for Special Economic Zones and Free Zones (OPAZ), and Sultan Ahmed bin Sulayem, Group
Chairman and CEO of DP World, representing Mahadha Development Company, which will develop
the new zone.
Mahadha Development Company is an Emirati-Omani joint venture in which DP World is the majority
partner.
Sultan Ahmed bin Sulayem said: “The Al Rawdah Special Economic Zone represents a new chapter
in the growing economic relationship between the UAE and the Sultanate of Oman.
https://www.arabianbusiness.com/industries/transport/uae-oman-special-economic-zone-buraimi 2/6