Khazaen Economic City continues to gain prominence as a preferred and an attractive economic destination for investors, industrialists and entrepreneurs. Growing interest from global, regional and local companies to invest in Khazaen Economic City underscores the multiple benefits the City offers in terms of strategic location, state-of-the-art infrastructure, incentives, connectivity and much more besides Oman’s business-friendly climate.
Khazaen recently welcomed two more local companies by signing investment agreements with Al Rasam Al Shamilah, an Omani firm operating in the import, export and wholesale of foodstuff, and QAF International, a company established in 2015 and active in direct import of foodstuff. The agreements will see these companies set up factories and logistics units at Khazaen, and were signed by CEOs of Khazaen, Al Rasam and QAF International.
Commenting on the agreements, Eng. Salem Sulaiman Al Thuhli, CEO, Khazaen said, “We are delighted to welcome the new investors to Khazaen Economic City. These agreements reflect the trust that Khazaen is gaining from several investors due to its attractive location, swift access to various logistics gateways across the country.”

Eng. Al Thuhli further emphasized that Khazaen has successfully positioned itself as the new and upcoming economic destination in Oman that will contribute to the achievement of the Sultanate’s economic diversification goals. Being built with  the state-of-the-art infrastructures, the City offers the most conducive environment for investors and future residents to grow and flourish. The Khazaen team’s sustained momentum in promoting the city has been showing positive results since Phase 1 of infrastructural development was completed.

The year 2021, too has begun on a highly positive demand, notwithstanding challenges posed by the COVID-19 pandemic, and witnessed the signing of several agreements that will contribute towards the government initiatives for the In-Country value and knowledge transfer efforts . An ideal location for local, regional and international corporate offices, banks, legal and finance firms, IT Parks and more, Khazaen Economic City has been seeing a steady increase in the number of investors. Government support and free zones are only some of the USPs of Khazaen, as the City has topped these facilities with a commercial packages for its early tenants.

Expressing his appreciation and confidence on investing in Khazaen, Mr. Walid Mohammad Al-Mahthouri, CEO, Al-Rasam Al Shamilah, said, “Khazaen has the capability and capacity to host major projects, thanks to its incentives, strategic location and world-class infrastructure and facilities. Al Rasam Al Shamilah is active in the import, wholesale and retail sectors through its “Fen Al Tazieen Food catering Services” brand. The project will spread over ​​7,500 m2 to meet local and overseas market demand.”

Bader Saud Al-Maharbi, CEO, QAF International, stated, “Our decision to invest in Khazaen was linked to our operational growth. Our expansion plans necessitated a unit to package grains, spices, legumes and snacks, and Khazaen offered everything we were looking for. We are impressed by advantages and incentives Khazaen provides to investors, including exemption from administrative fees and reduced rents value for the first year of operation, which will undoubtedly enable us to save some operational costs upon project initiation and will contribute towards maximizing returns on investment in a shorter period. Moreover, Khazaen’s high-quality infrastructure is ready to serve needs of every investor.”

Among the major projects coming up in Khazaen are a plant by Wakud that will recycle waste cooking oil into biofuel; a state-of-the-art polythene packaging unit by KV Group International and Oman’s first carton plates manufacturing unit by Al Watania Al Khalijyah for Paper Products. These represents few names in Khazaen’s growing list of investors as it assesses currently other several applications submitted by local and foreign investors.