Economy Oman to set up two new free zones in economic city By Pramod Kumar July 4, 2023 Oman News Agency The free zones will cover 52 million square meters, housing several logistical and industrial projects Oman will establish two new free zones in Khazaen Economic City in the governorate of South Al Batinah, as part of the Gulf nation’s aim to attract industrial investments and boost economic growth. The free zones – one for light and medium industries and logistical activities, and the other for business and trade – will be supervised by the government-owned Public Authority for Special Economic Zones and Free Zones, state-run Oman News Agency reported, citing a royal decree. Oman’s $260m fund to boost stock market liquidity Oman is on the up but not out of the woods Oman Logistics Company will operate the two free zones, while Khazaen Economic City Company will be the developer. The free zones will cover 52 million square metres, housing several logistical and industrial projects, said Salim bin Suleiman Al Thuhli, CEO of Khazaen Economic City. Among the projects is the Khazaen Land Port, the first land port in the sultanate that connects Khazaen with regional and international markets and a central market for vegetables and fruits. Al Thuhli said Khazaen Economic City will be one of the country’s largest public-private partnership projects. Furthermore, the royal decree grants the authority to sell residential and commercial lands and provides facilities for customs and tax exemptions in the economic city.