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Khazaen Economic City signs 2 new deals with local investors

21 Apr 2021

Khazaen Economic City, the sultanate’s new integrated economic city being developed in Barka, is gaining prominence as a preferred and attractive economic destination for investors, industrialists and entrepreneurs.

Khazaen has welcomed two more local companies by signing investment agreements with Al Rasam Al Shamilah, an Omani firm operating in the import-export and wholesale of foodstuff, and QAF International, a company which is active in direct import of foodstuff.

As per the agreements, these companies will set up factories and logistics units at Khazaen.

Eng Salem Sulaiman al Thuhli, CEO of Khazaen said, “We are delighted to welcome the new investors to Khazaen Economic City. These agreements reflect the trust that Khazaen is gaining from several investors due to its attractive location, swift access to various logistics gateways across the country.” 

Thuhli further emphasised that Khazaen has successfully positioned itself as the new and upcoming economic destination in Oman that will contribute to the achievement of the sultanate’s economic diversification goals.

Growing interest from global, regional and local companies to invest in Khazaen underscores the multiple benefits the city offers in terms of strategic location, state-of-the-art infrastructure, incentives, connectivity and much more besides Oman’s business-friendly climate.

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