News

Muscat, March 1 Khazaen Economic City, Oman’s newest, and most integrated business destination has recently signed a landmark agreement with KV Group International to set up a polyethylene packaging factory and a commercial facility in the city. The RO 7 million worth of investment signed with KV Group International will enable the investor to build a state-of-the-art polythene packaging plant in the industrial zone on a total land area of 40,000 m2 and also to construct the first hypermarket in the city, spread over 5,500 [...]

Muscat, January 13 2021: Khazaen, the newest integrated economic city of Oman, is continuing its efforts for contributing to the Sultanate’s ambition growth plans to diversify its national economy. Understanding Oman’s potential as a fast-growing commercial hub, several local and foreign companies are expanding their businesses here and more importantly, making Khazaen Economic City part of their expansion plans. Two more local companies already having operations in Oman, have recently signed agreements to set up operations in this promising, purpose-built and state-of-the-art economic city, further [...]

Muscat, December 14, 2020: Khazaen, the newest economic city in Oman has been consistently gaining momentum over the past few months. Three new agreements have been recently signed by Khazaen that reiterate the economic city’s growing preference among local and foreign investors. The first agreement was signed with Al Wajen United Projects to build a factory for manufacturing of lights and electrical fittings. The second agreement was signed with Digital Energy Management to build factory for the assembly of switchgears, meters and electrical distribution boards [...]

Muscat, November 23, 2020 Khazaen Economic City: the upcoming and most dynamic economic city in the Sultanate has announced the signing of three new tenancy agreements valued at nearly RO3 million. These agreements were signed recently with United Vision for Investment and Development and Al Maha Food Industries LLC, an Omani-Saudi joint venture to establish several manufacturing units in the economic city. Under the three agreements, Khazaen will lease about 27,000 m2 to United Vision for Investment and Development, and to Al Maha Food Industries [...]

Muscat, November 15, 2020: Khazaen Economic City briefed members of the Oman Real Estate Association (ORA) on the key investment opportunities and facilities being offered at Oman’s newest integrated business hub, with a strong focus on logistics, warehousing, light and medium industries and commercial sectors in the City that being developed in Barka, South Al Batinah Governorate. Addressing representatives from the real estate community at an event held at the JW Marriott Muscat in Madinat Al Irfan on Wednesday of the last week. Khalid Al [...]

Muscat: 3 November 2020: Khazaen Economic City, Oman’s newest integrated economic city, has achieved an important milestone of completing 96% of Phase 1 of its infrastructural works at the site. A successful mitigation plan has contributed effectively to overcome the challenges posed by the COVD-19 pandemic, as Khazaen has proudly reached this key milestone before its targeted deadline. The development phase is complemented by a supporting infrastructure works that includes a 9.2 km internal road network along with 200 street lights, a 22km water supply [...]

Khazaen CEO : Project will optimize use of local resources, boost national economy and encourage sustainability practices Muscat, July 7, 2020 Khazaen Economic City is continuing to attract investments as Oman is fast emerging as a promising market in the region. One of the latest innovative projects to select Khazaen as the preferred location is Wakud which will set up a facility for recycling waste cooking oil into biofuels. A lease agreement was signed between Khazaen represented by its CEO Mr. Khalid Al Balushi and [...]

Khazaen CEO: Progress is according to the plan despite COVID-19 challenges Strong response from investors to Khazaen’s incentives package Muscat, June 8 2020: Khazaen Economic City (Khazaen), being developed in Barka, South Batinah Governorate and is considered one of the largest and ambitious projects aimed at contributing to the Sultanate economic diversification plans, is on track to complete the first infrastructure package of the city despite the challenges posed by the current COVID-19 pandemic. The infrastructure works at site is progressing well according to the [...]

Khazaen announces additional incentives package for new investors Muscat: May 4, 2020 Khalid Al Balushi – Khazaen CEO Al Balushi: The new incentives package comes at the right time while we progress very well with the infrastructure work for phase 1 which will be completed before the end of this year. Incentives include discounted lease, rent-free period, discounted service fees, exemption from registration and krookie fees until the end of this year. Khazean Economic City (Khazaen), the newest economic city in the Sultanate, which is [...]

Khazaen Dry Port, Food Cluster, pre-built warehouses to complement logistics services Muscat, April 21 Khazaen Dry Port Khazean Economic City (Khazaen) is envisioned to play a key role in driving Oman's direct imports and boosting food security through its vital component and anchor projects such as Khazaen Dry Port and the Food Cluster Project. Oman is witnessing a steady growth in shipping and maritime traffic across its ports, the new dry port comes as an important addition to the logistics infrastructure linking the Sultanate's sea [...]