According to Muscat Daily, Khazaen is the largest public private partnership (PPP) project in Oman so far.
Khalid bin Awadh al Balushi, CEO of Khazaen Economic City said that the detailed designs of the economic city have reached a very advanced stage and will be announced in the near future. The construction contracts will be awarded and works will commence in the second half of 2019.
The first phase of Khazaen Economic City will include facilities such as the first dry-port in Oman, free zone, logistics and industrial complexes, social infrastructure, residential, commercial and entertainment components, according to an Oman News Agency report.
KEC’s announcement comes few days after the signing of its first investment agreements with international investors to set up two manufacturing plants in the new economic city.