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Khazaen Economic City attracts investment from National Fiber Glass Factory

Home / Khazaen Economic City attracts investment from National Fiber Glass Factory

Muscat, 16 October 2019

Khazaen Economic City (Khazaen), the master developer of the new 52 million sqm integrated economic project in Barka, has announced that Oman’s National Fiber Glass Factory (NFF) will build a new manufacturing plant in the city.

NFF will invest over 1.5 million Omani Rials in the new fiber glass manufacturing facilities and plans to introduce a new line of products at the facility to support the growing demand for glass-reinforced plastics used in commercial and residential construction across the Sultanate.

Mr. Khalid Awadh Al-Balushi, CEO of Khazaen said, “the increasing number of tenants and investors in Khazaen reflects how leading businesses want to have a broad range of logistics and support facilities in close proximity to maximize efficiency, growth potential and economic value creation”.

“Alongside other businesses who choose to be located in Khazaen, NFF will also benefit from the prime geographical location of the Economic City, close to domestic, regional, and international markets,” Al Balushi added.

Mr. Haidar Bin Mohammed Al Lawati, the Executive Director of NFF, expressed his confidence in Khazaen as the ideal location for the expansion of NFF’s operations. “NFF has been a leading manufacturer of glass-reinforced plastics and glass-reinforced concrete in Oman since 1992 and we will be growing and evolving our operations through our new facility in Khazaen”.

Al Lawati added that NFF will be increasing their capacity to include a new production line at Khazaen for high-quality swimming pool products that are durable, easy to use, and flexible in design and size.

The National Fiber Glass Factory will invest 500,000 Omani Rials in the first phase of construction with completion is expected in the next 18 months.