Skip to content Skip to Search
Skip navigation

Oman to set up two new free zones in economic city 

By Pramod Kumar
Suburb, City, Urban 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 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.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]