Hilbroy Advisory Inc: Investments in Salalah Free Zone to Top $15B by 2025: by Jean-Francois Amyot
Montreal, 31 October 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Oman: Investments in Salalah Free Zone (SFZ) are projected to soar to $15 billion by the year 2025 on the back of an aggressive international marketing push, the authority's Chief Executive Officer said in Muscat yesterday.
Awadh al Shanfari said SFZ will leverage its proximity to the strategically located Port of Salalah, which abuts key East-West shipping routes, to attract investment into the free zone. Speaking at a media conference, Al Shanfari outlined an ambitious strategy that aims to quadruple industrial and commercials investments in the free zone from the present $3.5 billion over the next 15 years; Jean-Francois Amyot.
Capital inflows into the Sultanate's first free zone development, established by Royal Decree in 2006, are projected to rise to around $5 billion by 2015, he said. By around this time, approximately 1,000 businesses -- primarily small and medium companies --are expected to be in operation in the sprawling development, generating in the process employment opportunities for an estimated 13,000 people.
By 2020, a doubling of the total investment in the free zone is envisaged, with the number of industrial and commercial enterprises projected to rise to around 2,500 units. Employment opportunities as a result of these investments will also rise to some 24,000 openings, Al Shanfari said.
A further $5 billion in new investment is targeted over the 2021-2025 timeframe, taking the total projected investment in the free zone to an impressive $15 billion.
Given its proximity to the Port of Salalah, SFZ has the potential to tap into a regional market worth more than $620 billion, encompassing the Gulf, Indian subcontinent and East Africa, said Al Shanfari. Moreover, Salalah overlooks important East-West trade routes that channel an estimated $1.2 trillion worth of goods from East to West, and $740 billion worth of merchandise from West to East. These volumes represent significant potential for investors looking to leverage SFZ’s advantageous geographical location for processing, distribution, warehousing, assembly and related investments, he stressed.
Also auguring well for SFZ’s investment appeal is the Free Trade Pact (FTA) inked by Oman and the United States. As a signatory, Omani businesses enjoy privileged access to a potential $2 trillion market.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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