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In 1993 Public Establishment for Industrial Estates (PEIE) was established in response to the expanding industrial estates, by the Royal decree No: 4/93, with the objective of planning, establishing, managing and developing the industrial estates across Oman. Currently, in addition to the industrial estates, PEIE also manages one IT park – Knowledge Oasis Muscat (KOM), and Al Mazunah Free Zone. The total area of the estates is around 88.300 million square meters.