Oman’s Khazaen completes 96% of phase one infrastructural works
Phase one will open up 3.2 million sqm. of leasable land areas for local, regional and foreign investors
Oman’s latest integrated development, Khazaen Economic City (Khazaen) has completed 96% of phase one infrastructural works, it has been announced.
According to reports, a successful mitigation plan contributed to effectively overcoming the challenges caused by the global pandemic, as Khazaen reached its milestone before the targeted deadline.
Scope of work included a 9.2 km internal road network, a 22 km water supply system and 15 km of drain channels. This was combined with a 5000 cu. m water tank and 3.3 km pipeline crossing ducts for future services, along with the installation of 200 streetlights.
Khalid Al Balushi, CEO of Khazaen Industrial City, said: “With this development, 3.2 million sqm. of leasable lands are opened up for various investors looking to benefit from Oman’s unique geo-strategic location, friendly investment climate and economic stability for their sustained growth.”
He added that the development of this phase will provide the infrastructure and utilities needed to enable key anchor and national projects which will support the economy and attract foreign investments.
Al Balushi said that other facets such as modern infrastructure supported by excellent ancillary services, a well-connected road network, proximity to the key logistic gateways throughout the sultanate, availability of fibre optics infrastructure and service utilities will position Khazaen as a preferred hub to do business for local, regional, and international investors.
He also said that Khazaen has signed long lease agreements with local, regional and international investors to host their manufacturing facilities. Furthermore, Al Balushi, stated that Khazaen is open to business for all, from light and medium manufacturing, logistics, warehousing, commercial to residential complexes.
He noted that phase one will host major projects of strategic and national importance such as the dry port, the central fruits and vegetables market, the auto market and other investment projects like the pre-built warehouses that will be offered to investors at different stages, Al Balushi concluded.
