Muscat – Salim Sulaiman al Thuhli, CEO of Khazaen Economic City, has stated that the Royal Decree issued on establishment of the facility will significantly boost national income. Under the supervision of the Public Authority for Special Economic Zones and Free Zones, the city will encompass two free zones, serving as an integrated economic and free zone in Barka, South Batinah.

Spread over 52mn sqm, Khazaen Economic City is a global city strategically positioned on the Batinah Highway, connecting Greater Muscat with other governorates. It aims to attract investments in key sectors, including logistics, industrial, commercial, residential and strategic projects that promote service and business integration.

The city features several noteworthy projects, such as the Khazaen Land Port, Oman’s first land port connecting Khazaen with international markets, and the Central Khazaen Market for Vegetables and Fruits.

By supporting the Omani economy, diversifying income sources and creating an appealing economic hub for regional and global investments, the project aligns with Oman Vision 2040, Thuhli noted.

“It also fosters a balanced environment that integrates business, social and recreational activities, offering promising career opportunities for Omani youth and facilitating the growth of small and medium-sized enterprises.”

According to Thuhli, the key aspects outlined in the Royal Decree include establishment of a one-stop station for industrial needs, sale of residential and commercial land, and opening of two free zones – one for light and medium industries and logistics activities, and the second for business and trade. The city also grants customs and tax exemptions to investors.

The decree also ratified agreements, granting Khazaen Economic City Company the authority to develop and manage the city and its free zones.

Thuhli informed that the city has achieved success in attracting local and foreign investments despite the challenges faced by global and regional markets. Over the last 30 months, it has signed 100 investment agreements valued at RO300mn.