Pact signed to establish Khazaen Logistics Centre

Pact signed to establish Khazaen Logistics Centre

Muscat: In a significant step toward bolstering Oman's economic landscape, a Memorandum of Understanding (MoU) was recently inked between Khazaen Economic City and the Ministry of Transport, Communications, and Information Technology. The purpose of this MoU is to establish the Khazaen Logistics Centre within Khazaen Economic City, an initiative that aligns seamlessly with Oman Vision 2040.

This strategic agreement integrates the logistics sector with cutting-edge technologies, lucrative incentives, and progressive legislation. Its primary aim is to enhance in-country value and attract foreign direct investments, positioning the logistics industry as a pivotal contributor to Oman's economy, following the oil and gas sector. The Khazaen Logistics Centre will play a vital role in global trade dynamics, fostering economic activities across various sectors.

The Khazaen Logistics Centre will offer a comprehensive range of services to investors, including facilities such as the Khazaen Dry Port, cold and dry storage warehousing, retail warehousing, distribution, customs clearance, shipping, and redistribution. Moreover, it will function as a one-stop-shop, streamlining processes for the convenience of businesses and investors.

Located strategically within Greater Muscat, the Khazaen Logistics Centre holds immense promise for investors due to its optimal transportation infrastructure and proximity to international markets and land ports in neighboring countries.

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