Page 180 - MINISTRY OF CULTURE PR REPORT

Page 180 - MINISTRY OF CULTURE PR REPORT - MAY 2025 (ENGLISH)

P. 180

5/27/25, 4:00 PM UAE and Oman Sign Agreement to Develop Al Rawdah Special Economic Zone
The deal was signed in Muscat during a high-level UAE delegation visit led by Sheikh Hamdan,
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reflecting the deepening economic cooperation between the UAE and Oman.
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The agreement was signed by Eng. Ahmed bin Hassan Al Dheeb, Deputy Chairman of Oman’s Public
Authority for Special Economic Zones and Free Zones (OPAZ), and Sultan Ahmed bin Sulayem, Group
Chairman and CEO of DP World, on behalf of Mahadha Development Company, an Emirati-Omani joint
venture. DP World is the majority partner in the project.
Mahadha Development Company will develop infrastructure, master planning, and facilities for the zone,
which will initially cover 14 square kilometers with plans to expand to 25 square kilometers. The zone’s
strategic location connects it directly to key ports in Oman and the UAE, including Sohar and Jebel Ali,
enhancing logistics and market access across Gulf, Asian, and African trade routes.
The zone aims to foster diversified economic activities such as manufacturing, logistics,
pharmaceuticals, and food processing, while supporting Oman Vision 2040 and Dubai’s Economic
Agenda D33. It is expected to attract foreign direct investment, boost industrial output, and create
thousands of jobs over time.
This initiative follows record non-oil trade between the UAE and Oman in 2024, reaching AED 56 billion,
signaling a growing partnership. DP World’s four decades of expertise in free zone development
positions the Al Rawdah project as a key driver for regional trade and economic growth.
News Source: Emirates News Agency
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Written by Shahba Mayyeri
Shahba is a Content Creator at HiDubai with 3 years of experience in crafting compelling stories and
articles. She holds a Master’s degree in Media and Communications from MAHE Dubai.