Khazaen Economic City on Wednesday announced the signing of a new investment agreement with Ibtina Trading and Contracting Company to establish the first businessmen hotel in the economic city.
The hotel, which will be built on a total area of 4,500sqm, targets various segments of businessmen in the city and contains hotel rooms, a business center, meeting and workshops rooms, corporate administrative offices, as well as trade fairs and various restaurants.
The agreement was signed by Eng Salim bin Sulaiman al Thuhli, CEO of Khazaen Economic City, and Ibrahim bin Khalfan al Amri, CEO of Ibtina Trading and Contracting Company.
“This agreement is the first hotel project in the city, which will contribute significantly to attracting investors and facilitating businesses by providing hotel rooms and a business center for the city investors and visitors, which will strengthen the principle of the integrated city. This signing reflects the steady growth of the city, and the confidence and tendency of different categories of investors,” Thuhli said.
Amri said, “The idea of investing in the establishment of this businessmen hotel came from noticing the great demand of investors in the city for various field projects, which will serve the city visitors and the companies operating in the city. We are looking forward to start implementing the project within the coming months.”
Khazaen Economic City is the largest public-private partnership project in the sultanate in the field of integrated economic zones and free zones. It is the latest integrated economic city to be developed in the Wilayat of Barka.
The city possesses a strategic location near the capital Muscat and according to the urban strategy announced by the Ministry of Housing and Urban Planning, it is considered as a part of the Greater Muscat. In the future, the Khazen Dry Port will be linked to Sohar City by the railway which will facilitate the transportation of goods from Sohar port to Khazaen Dry Port directly.
Khazaen Dry Port is the first dry port in the sultanate, where its construction work has been completed. The Khazaen Economic City also incorporates Khazaen Fruit and vegetables Central Market, which is part of the Food City.
© 2021 Apex Press and Publishing. All Rights Reserved.