MUSCAT: Khazaen Economic City recently hosted Abdulsalam al Murshidi, President of Oman Investment Authority (OIA), along with a high-level delegation from the Authority and its affiliated companies. The visit aimed to closely examine the city's business and investment landscape, as well as to explore opportunities for establishing high-value-added industries.
Khazaen Economic City exemplifies a successful public-private partnership, being the first initiative of its kind in the Sultanate of Oman dedicated to developing and managing economic cities. This innovative model underscores the critical role of the private sector in driving economic growth in Oman.
In a short span, Khazaen has attracted over $1 billion in investments from 17 countries, bolstering various economic sectors. The city’s ecosystem has proven particularly conducive to growth in logistics, food, pharmaceutical, and industrial sectors, providing a robust environment for investors to expand their businesses and achieve commercial success.
Highlighting its strategic appeal, Khazaen recently secured a significant investment from 4 Stars Technology and Electronics Company, which plans to establish a warehousing facility at the Khazaen Logistics Center. This new facility will specialize in storing and distributing home electrical appliances, further cementing the center's reputation as a prime investment destination for logistics companies. The Logistics Center offers state-of-the-art warehousing solutions for commercial, light, and medium industrial uses, tailored to meet the high demand in local and regional markets.
Khazaen Economic City also presents a wide array of investment opportunities. The Industrial Zone & Freezone is designed to accommodate light and medium industries, including repairs, maintenance, packaging, assembly, and manufacturing. The city's logistics and warehousing capabilities are anchored by Oman’s first inland port, Khazaen Dry Port, which supports retail warehousing, cold storage, distribution, and freight forwarding.
Business opportunities in Khazaen include spaces for corporate offices, banks, IT parks, and data centers. The residential sector offers large-scale affordable housing projects, including villas, townhouses, and mixed-use developments. Social infrastructure projects, such as schools, universities, clinics, hospitals, hotels, and recreational facilities, are also planned. Additionally, retail and entertainment investments feature superstores, hypermarkets, outlet malls, automotive dealerships, and furniture showrooms, enhancing the city's comprehensive appeal.
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