OPAZ Joins World Free Zones Organization to Bolster Oman’s Global Investment Appeal
Muscat, The Gulf Observer: The Public Authority for Special Economic Zones and Free Zones (OPAZ) has officially become a member of the World Free Zones Organization (World FZO), an international body committed to the development and support of free and economic zones across the globe.
This strategic membership underscores OPAZ’s continued efforts to enhance the competitiveness and global visibility of Oman’s special economic zones, free zones, and industrial cities. It marks a significant step in positioning these areas as leading international investment destinations known for their flexibility, advanced infrastructure, and readiness to accommodate high-quality projects.
Joining the World FZO will allow the Authority to foster knowledge exchange, adopt international best practices, and build partnerships with elite global entities. It also supports the Authority’s initiatives to improve operational efficiency, strengthen promotional strategies, and attract value-added investments that contribute to the Sultanate’s economic diversification goals.
Through this international affiliation, OPAZ aims to expand its economic network and align its development strategies with emerging global trends in the management and operation of economic and industrial zones.
Currently, Oman hosts 23 special economic, free, and industrial zones, with cumulative investments totaling approximately OMR 21 billion by the end of 2024.
The World Free Zones Organization represents more than 1,600 free zones and economic institutions across over 140 countries, offering a vital platform for cooperation, policy development, and innovation in zone management worldwide.
