Work is moving at a steady pace on Oman’s newest integrated development, Khazaen Economic City, with 96 per cent of Phase One infrastructural works completed, reported Oman Observer.
This includes a 9.2-km internal road network, a 22-km water supply system and 15 km of drain channels, with 5,000 cubic metres water tank and 3.3 km pipeline crossing ducts for future services along with installation of 200 street lights, it stated.
A successful mitigation plan has contributed effectively to overcome the challenges posed by the Covid-19 pandemic, as Khazaen has proudly reached this key milestone before its targeted deadline, said the report, citing a senior official.
"With this development, 3.2 million sq m 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," remarked Khazaen CEO Khalid Al Balushi.
Modern infrastructure supported by excellent ancillary services, well connected road network, proximity to the key logistic gateways throughout the sultanate, availability of fiber optics infrastructure and service utilities through partnerships with leading utilities providers in Oman, will position Khazaen as a preferred hub to do business for local, regional, and international investors, he added.
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.
Khazaen has signed long lease agreements with local, regional and international investors to host their manufacturing facilities in the newest integrated economic city in the Sultanate of Oman, said Al Balushi.
Khazaen is open to business for all, from light and medium manufacturing, logistics, warehousing, commercial to residential complexes. 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, he added.
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