Muscat, 12 April, Khazaen, the newest and the most promising economic hub in the Sultanate of Oman, on April 11 signed an agreement with Sabeen Group for setting up a diverse portfolio of projects in the City. The agreement, worth RO17 million, is yet another testimony of Khazaen’s position as the preferred investment destination for different types of investors.
Under the agreement, Khazaen will lease 100,000 m2 industrial land to Sabeen Group to set up factories manufacturing of greenhouses materials, smart home assembly and manufacturing of solar panels, fish food as well as an assembly line for an environmental-friendly electric cars. These projects will not just be a great value addition to those already located in the City, but will also directly contribute towards economic diversification and creating job opportunities for Omanis.
The agreement was signed by Eng. Salim bin Suleiman Al Thuhli, CEO, Khazaen and Mrs. Ibtisam Khamis Al Jashmiya, Executive Partner, Sabeen Group.
The Sabeen Group has been active in Oman since 2007 with business interests in marketing, construction, technology and tourism sectors. The Group, which also specializes in food security, seeks to build partnerships and joint ventures that give added value to the Omani market and boost national economic growth.

Commenting on the agreement, Eng. Salem bin Sulaiman Al Thuhli, stressed that these strategic projects being implemented in Khazaen are a result of the continued efforts being made to attract more local and international investments to the City. He further noted: “The setting up of these projects in Khazaen underscores the confidence of Omani investors in the City and its rapid growth capacity, besides world-class facilities and various attractive incentives it provides to all types of investors.” Mrs Ibtisam Khamis Al Jashmiya, Executive Partner, Sabeen Group said: “Khazaen Economic City is strategically located near the capital, Muscat. The City is known for its high quality and modern infrastructure. We are keen to establish these strategic projects in this promising City to benefit from the wide range of incentives, amenities and not to mention the competitive edge it offers.”
Sabeen Group also plans to build an integrated industrial complex pertaining to businesses in various sectors which will serve the government’s direction to diversify the economy and enhance the contribution to the national Gross Domestic Product. Sabeen Group also aims, through its strategic partnerships in the region, to attract more specific industries with added economic value and to the market the Sultanate as a leading investment hub in the logistical and industrial fields, benefiting from its strategic location, impressive road connectivity and its direct link network with international, seaports and world markets.
Khazaen Economic City is the largest public private partnership project in building, management and development of economic zones in the Sultanate. The City is being developed in Barka, South Batinah Governorate and is strategically located near the capital Muscat, just 30 minutes from Muscat International Airport and around two hours from Sohar Port.
Khazaen will be linked via the proposed railway project in the future, making it an ideal location with multimodal transport options. Khazaen is the ideal logistics, warehousing, light industrial and commercial hub linking the main modes of transportation in and out of Oman.
The new integrated economic city will be the home of Oman’s first dry port, The central fruits and vegetables market, special zones for light and medium industries, logistics services, besides multi-mix residential units, entertainment facilities, retail outlets, international schools and modern healthcare centres which will offer all residents a community where they can efficiently conduct business, work, live and play.