Al Mawaleh Central Market to move to Khazaen Economic City

Al Mawaleh Central Market to move to Khazaen Economic City

Muscat – The Al Mawaleh Central Market will soon be shifting to the Khazaen Central Market, in Khazaen Economic City. As part of the efforts focused on relocating the fruit and vegetable market’s storage and wholesale activities from Seeb to Barka, the project financing agreements were signed on Wednesday.

The first agreement was about the shareholders’ capital subscription while the second was the bank financing agreement with Sohar Islamic Bank signed under the patronage of His Excellency Eng Essam bin Saud al Zadjali, Chairman of Muscat Municipality.

The agreements were signed in pursuance of the royal directives that called on the private sector and businessmen to invest in local ventures in all sectors to boost Oman’s position as an attractive and leading investment destination.

The first agreement was concluded to complete the equity subscription with Oman Infrastructure Fund (Rakiza), Salim & Partners, Al Kalbani Group and Khazaen Development and Investment Company, as shareholding partners in Khazaen Fruit and Vegetable Central Market, which will fund, develop and manage the new market in Khazaen Economic City.

Zadjali disclosed that the intention was to shift wholesale activities to Khazaen Central Market while retail activities will continue at Al Mawaleh.“We plan to expand the retail activities and give