Thursday 02 / May / 2024
His Majesty Sultan Haitham bin Tarik on Monday issued a Royal decree, reading as follows:
Royal Decree No. 44/2023 establishes Khazaen Economic City and promulgates its Bylaw (articles of association).
Article (1) stipulates that an economic city shall be set up in the governorate of South Al Batinah, to be named “Khazaen Economic City” and to be established on the land area demarcated in accordance with the layout attached to this decree. The city shall be under the supervision of the Public Authority for Special Economic Zones and Free Zones and it shall be governed by the attached Bylaw.
