Strategically located between Sohar Port, Muscat Airport and Muscat City
Customs bonded dry port and new free zone
Free trade agreements with US, Singapore, Europe and the GCC.
Khazaen Economic City -a world-class integrated economic city bringing together a broad range of logistics, light industrial and commercial businesses at one location to maximise efficiency, growth and economic value creation. Covering 51 million sqm of land in Barka, the new economic city is the largest public and private partnership (PPP) land development project in the Sultanate of Oman.
Set to attract a broad range of business sectors, construction at Khazaen is underway with expected completion of the initial stages by 2020. Key offerings will include packaging, assembly, distribution and manufacturing businesses in tandem with secondary industries such as legal and financial services.
The city will benefit from a customs bonded dry port and a new free zone, offering 100% foreign ownership, 0% import and re-export duties, up to 25 years corporate tax holiday and 0% personal income tax alongside sector-specific zones and clusters - which address the unique infrastructure needs of individual industries alongside offering integrated, bespoke logistics solutions across the value chain. Customers are also able to take advantage of free trade agreements with US, Singapore, Europe and the GCC.
To support of those who live and work in Khazaen there will be a high-quality residential and retail units such as supermarkets, malls and automotive sales, as well as social infrastructure including schools, entertainment venues and health care facilities.
Strategically located in the most densely populated region of Oman and between Sohar Port, Muscat Airport and Muscat City, businesses operating from Khazaen will have swift access to the rapidly growing commercial and industrial hinterland of the Sultanate, as well as the wider GCC through a world-class new USD 10 billion network of modern highways and a new planned USD 20 billion national rail network.