Total investments in Khazaen Economic City reach $1bn

Total investments in Khazaen Economic City reach $1bn

Muscat – The Khazaen Economic City has witnessed a remarkable milestone as total investments in the city have exceeded $1bn by the end of 2023, with the majority of investments originating from foreign investors. Located in South Batinah Governorate, Khazaen Economic City stands as the first integrated economic city and free zone in the sultanate, […]Muscat – The Khazaen Economic City has witnessed a remarkable milestone as total investments in the city have exceeded $1bn by the end of 2023, with the majority of investments originating from foreign investors.

Located in South Batinah Governorate, Khazaen Economic City stands as the first integrated economic city and free zone in the sultanate, developed through a collaboration between the public and private sectors.

In an interview last week featured in the latest issue of Duqm Economist, a quarterly magazine issued by Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ), Eng Salim bin Sulaiman al Thuhli, CEO of Khazaen Economic City, disclosed that the total investments in Khazaen are expected to have reached approximately $1bn by the end of 2023.

He emphasised the substantial interest shown by foreign investors in contributing to the city’s growth, with foreign investments totaling around $583mn, constituting 57.7% of