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Khazaen Inks Two Investment Agreements to Implement Vital Projects




Muscat, 13 Dec (ONA)— Khazaen today signed two agreements with national firms to carry out vital projects and attract investments worth more than RO 1.5 million and provide integrated solutions in different industrial sectors.


The first agreement was inked with an Omani company named Western Door Trading to set up a multipurpose logistics centre within the economic city’s compound. The project cost RO 750,000 and occupies an area of 5,000 sqm. It envisages storing and redistributing aromatic products and cosmetics in the local market.


The second agreement, signed with Global Space and Technology Company, provides for the setting up of a processing unit and a warehouse (capacity 20 tons a day, cost RO 800,000) on an area of 5,000 sqm.


The projects reflect the ability of Khazaen to attract local and foreign investors after the completion of the first phase of the city’s infrastructure in the run-up to the land port’s operation.


Khazaen is considered the largest government-private sector partnership in the Sultanate of Oman. It is situated at 30 minutes from Muscat International Airport and 2 hours from the Port of Sohar.



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