Khazaen Economic City Attracts Investments Worth RO316 Million

The volume of investments attracted by Khazaen Economic City in Barka till the end of June 2023 stood at RO316mn ($821mn). Statistics issued by Khazaen Economic City showed that the value of foreign investments amounted to RO186mn, while the value of local investments amounted to RO130mn.

The statistics further showed that the total number of nationalities invested in the city are 16, the number of signed agreements reached 100, the number of projects under construction reached 23, and the number of direct job opportunities reached 300 for national cadres in various sectors.

Khazaen Economic City explained that the most prominent investments are in logistics as the total value of investments in this sector amounted to RO60mn, while the number of agreements reached 20.

As many as 10 agreements were signed in the food sector with an investment volume of RO87mn. Meanwhile, the agreements signed in the industrial sector amounted to RO92mn for 65 investment agreements. As for the agreements signed in the pharmaceutical sector, they amounted to five with an investment value of RO77mn.