Khazaen Economic City has recently announced the signing of a new investment agreement with Al Safwa SPC, a 100 % Omani owned SME company. The agreement was signed with Al Safwa to lease an area of 10,000 sqm with the aim to move their logistics & facility management services operations to Oman’s most integrated economic city.
Eng. Salim Sulaiman Al Thuhli, CEO, Khazaen said, “It’s a great move by an SME company and an inspiration for others as well. It reflects the trust that Khazaen is gaining from various business communities. Eng. Al Thuhli added “Khazaen is determined to support SMEs by providing access to various logistics and business gateways to enable them to succeed in their business. Indeed, today’s signing reflects Khazaen’s anticipated role in supporting the economic diversification plans of the Sultanate.”
Mr. Warith Al Kharusi, CEO, AlSafwa SPC, a well-known personality in Oman’s Logistics and Energy industries in Oman said, “It is a great pleasure to be associated with Khazaen Economic City in Greater Muscat, it caters to our needs of today and also provides a competitive edge for the future that will enable us to compete locally and globally.
We have shifted our business and would like to encourage other Omani companies to explore Khazaen for their future growth plans. Our decision to invest in Khazaen was linked to our business & operational growth while pursuing sustainable business across all industrial sectors, which we hope will meet with our ambitions of diversification and growth plans.
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 a strategic location with multimodal transport options as a hub linking the main modes of transportation in and out of Oman, ideal for logistics, warehousing, light industrial and commercial.
The new integrated economic city will be the home of Oman’s first dry port, The central fruit and vegetable market, special zones for light and medium industries, logistics services alongside 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.