Khazaen, Oman’s fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with national firms to carry out vital projects and attract investments and provide integrated solutions in different industrial sectors.
Omani media reports said the first agreement was signed with an Omani company named Western Door Trading to set up a multipurpose logistics center within the economic city’s compound.
The project cost RO 750,000 and occupies an area of 5,000 sqm. It envisages storing and redistributing aromatic products and cosmetics in the local market.
The second agreement, signed with Global Space and Technology Company, provides for the setting up of a processing unit and a warehouse with a capacity 20 tons a day at the cost of RO 800,000 on an area of 5,000 sqm.
The reports said the projects reflect the ability of Khazaen to attract local and foreign investors after the completion of the first phase of the city’s infrastructure in the run-up to the land port’s operation.
Khazaen is considered the largest government-private sector partnership in Oman.
