Khazaen and National Gas sign significant logistics agreement

Muscat: Khazaen Economic City, under the patronage of the Ministry of Transport, Communications, and Information Technology, has recently entered into an investment agreement with the esteemed National Gas Company to establish an integrated Truck Rest Area within Khazaen.

The proposed project encompasses a comprehensive range of facilities, including designated parking lots specifically tailored for trucks, a purpose-built accommodation for truck drivers, top-notch vehicle maintenance services, a variety of commercial shops, and various amenities that will support the logistics sector, spanning an impressive area of 50,000 square metres, with a substantial investment value of OMR2.7 million.

This agreement represents one of the strategic investments made by the National Gas Company to promote economic diversification and attract investments in the Sultanate's fastest-growing sectors. Notably, this project stands as the first of its kind in the Sultanate, situated near the first dry port in Oman, the Khazaen Central Fruit and Vegetable Market and Khazaen International Logistics Park.

It is noteworthy that Khazaen Economic City has successfully attracted a significant number of investors across key sectors, including logistics, industrial, food, pharmaceuticals, and clean energy. Over 30 months, a remarkable 110 investment agreements were signed, amounting to an estimated total value of one billion US dollars. This remarkable achievement underscores the increasing interest and confidence among investors in the city's potential and competitiveness as a prime investment destination for diverse investor segments.

Khazaen's advantageous location is a mere half-hour drive from both Muscat International Airport and Suwaiq Port, while Sohar Port can be reached within a comfortable two-hour journey. Among the array of strategic projects that define Khazaen's prominence, the Khazaen Dry Port and Khazaen Central Fruit & Vegetable Market stand out as noteworthy examples. The Food City encompasses the Khazaen Central Market, a bustling hub for the trade of fresh vegetables and fruits, alongside labour villages, and factories specializing in the pharmaceutical, light, and medium industries.