Muscat: May 3, 2021:  Khazaen Economic City has recently announced the signing of a new investment agreement with an Iraqi investor to build a new industrial facility in Khazaen. The agreement was signed with Al Zayzafon Investment Company to build diapers and napkins factory with an estimated investment value of 2 million OMR.

The agreement was signed by Eng. Salim Suleiman Al-Thuhli, CEO of Khazaen Economic City and Haidar Dhiaa Talib, CEO of Al Zayzafon Company.

Commenting on the agreement, Eng. Salim Al-Thuhli, CEO of Khazaen Economic City, said, “The signing reflects the steady growth and trust that Khazaen is gaining from local and international companies to set up their facilities at Khazaen. We are truly delighted to welcome this new investment to Khazaen, and we are committed to provide the best customer service needed to commence this project in the city.”

“Oman in general and Khazaen in particular provide an ideal choice for us as investors due to several factors and advantages it offers, as we aims to build a modern industrial facility to produce baby diaper and sanitary napkins to meet the requirements of the local market and partly to export to international markets, taking the unique advantage of the city’s strategic location and its direct links to various major ports and airports in Oman through Khazaen Dry Port,” said Dr. Haidar Dhia Taleb, an Iraqi investor and CEO of Al Zayzafon Investment Company.

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.