Over 140 projects with investments totaling more than RO 384 million are drawn to Oman’s Khazaen Economic City.

With more than 140 domestic and foreign projects registered through November 2024, Barka’s Khazaen Economic City has experienced tremendous growth.

Muscat – These projects, with a combined investment value exceeding RO 384 million, reflect the growing appeal of Khazaen as a hub for diversified investment and economic development.

The investments come from 18 different nationalities, further contributing to the diversification of Oman’s economy. This influx of projects is expected to generate new opportunities, strengthen various sectors, and drive comprehensive development in the region.

Engineer Salem bin Sulaiman Al Dhahli, CEO of Khazaen Economic City, emphasized the city’s commitment to creating a robust and attractive investment environment. “Khazaen Economic City seeks to provide an integrated and attractive investment environment that enables investors to achieve the best performance for their businesses. We focus on developing advanced infrastructure, simplifying procedures, and offering facilities that support investment, all of which contribute to the ease of establishing projects and ensuring a stable and transparent work environment,” he said.

Khazaen is focusing on attracting investments in key sectors, including food and pharmaceutical security, light manufacturing industries, renewable energy, logistics services, information technology, and artificial intelligence. Significant projects already underway in the city include the ‘Silal Central Fruit and Vegetable Market, as well as initiatives in the pharmaceutical security sector, such as manufacturing influenza vaccines, insulin, and human biomedicines. The operational Khazaen dry port also plays a critical role in facilitating the logistics and transportation of goods.

Looking ahead, Khazaen continues to develop its infrastructure to ensure an attractive and supportive environment for investors. In 2025, the city plans to announce several new local and foreign investment projects, including developments in food security, advanced manufacturing industries, and a new integrated truck rest house. The city also aims to attract cutting-edge projects in information technology and artificial intelligence, including the establishment of data centres.

In addition to its investment focus, Khazaen Economic City is working on future plans to enhance infrastructure and provide integrated housing solutions. The goal is to transform Khazaen into an integrated destination for work, residence, and entertainment, thereby increasing its attractiveness to both residents and investors. With its emphasis on artificial intelligence, digitization, and sustainable development, Khazaen is positioning itself as a leading investment centre, capable of drawing global companies and ambitious investors to contribute to the economic growth and diversification of Oman.

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