Khazaen Economic City inks agreements to set up cement, steel factories

Muscat: Khazaen Economic City signed an agreement with Al Janabi International Investment Company to establish a factory to produce cement products to the tune of OMR2 million for the first phase.

The project will be set up on a total area of 5,000 square metres.

Another agreement was signed between Khazaen Economic City and Moayyad Omair Investment Company to establish a factory for steel industries worth OMR1.5 million for the first phase.

The project will be set up on a total area of 7,500 square metres.

This project, which targets the local and regional market, aims to produce 4,000 tonnes of steel structures monthly.