- Khazaen Economic City announced over OMR 30 million in planned industrial investment over three years.
- Projects include packaging, pharmaceuticals, engineering, oil-waste treatment and bathroom products, supporting Oman Vision 2040 and local procurement.
- Khazaen Economic City projects boost local procurement, build technical skills, creating jobs and opportunities.
Khazaen Economic City Announces OMR 30 million In Investment
Khazaen Economic City has announced industrial investment exceeding OMR 30 million (USD 77.96 Million) over three years. The proposed industrial partnerships will expand Oman’s manufacturing base and includes a packaging complex expected to create over 300 jobs.
Several companies signed memorandum of understanding during the recent Inspire Oman summit, featuring packaging, pharmaceuticals, engineering, oil-waste treatment and bathroom products entities. The projects aim to strengthen economic cooperation and attract manufacturing investment thereby developing local supply chains under Oman Vision 2040.
The industrial packaging project in Khazaen Economic City in Barka offers a range of packaging solutions from a single facility. Furthermore, it would expand Oman’s capacity to manufacture packaging materials to international standards, while creating employment opportunities. In the pharmaceutical sector, an integrated pharmaceutical complex was also revealed. The proposed development would add local production capacity and support pharmaceutical supply chains. Further investment in Khazaen Economic City includes a project exceeding OMR 6 million (USD 15.59 million) by a luxury bathroom brand. The facility will be built on an area of over 40,000 square metres.
Special Economic Zone In Duqm Announces Refinery Project
Meanwhile, the Special Economic Zone Duqm announced plans to establish a mini-refinery for the treatment and management of oil waste. The facility will occupy 20,000 square metres and is intended to expand oil-waste processing capabilities and develop energy-related industrial activities.
The announcements underline the role of Khazaen and Duqm in attracting projects across a range of manufacturing and processing industries. Beyond their capital investment, the projects will support local procurement, develop technical skills and create opportunities for companies supplying industrial goods and services.
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