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Volume of investments in Khazaen Economic City reaches OMR 316 million

The volume of investments attracted by Khazaen Economic City in Barka stood at OMR 316 million till the end of June 2023

TAS News Service

info@thearabianstories.com

Monday, August 7, 2023

Muscat – Statistics issued by Khazaen Economic City showed that the value of foreign investments amounted to OMR 186 million, while the value of local investments amounted to OMR 130 million.
The statistics further showed that the total number of nationalities invested in the city is 16. While the number of signed agreements reached 100, the number of projects under construction reached 23, and the number of direct job opportunities reached 300 for national cadres in various sectors.
Most prominent investments in the Khazaen Economic City are in the logistics as the total value of investments in this sector amounted to OMR 60 million and the number of agreements reached 20.
As many as 10 agreements were signed in the food sector with an investment volume of OMR 87 million; agreements signed in the industrial sector amounted to OMR 92 million for 65 investment agreements; and agreements signed in the pharmaceutical sector amounted to 5 with an investment value of OMR 77 million.

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