Agreement Inked for Mixed-Use Project Development in Khazaen Economic City

Khazaen economic city: Khazaen Economic City today signed an investment agreement with Al Dar Arabia Real Estate Development to develop a freehold mixed-use project with an estimated investment value of approximately RO 18 million, covering an area of 14,000 square metres. This took place on the sidelines of Oman Real Estate, Design and Build Exhibition and Conference 2026.

According to Oman News Agency, construction of the project is scheduled to commence during the final quarter of this year. It will provide retail outlets, administrative offices, residential apartments, alongside modern facilities that support various commercial and service activities within Khazaen Economic City. The project falls under the city's plan to develop a commercial boulevard offering a shopping experience for residents, visitors, and those from surrounding areas.

Eng. Salim Sulaiman Al Dhuhli, CEO of Khazaen Economic City, stated that this project represents a significant addition to the city's strategic direction of developing an integrated business environment that brings together diverse commercial and service uses, while providing modern facilities that meet the needs of investors, companies, and entrepreneurs. Speaking to Oman News Agency, he added that Khazaen Economic City is witnessing rapid growth in the volume of projects and investments. He noted that this project has been developed to keep pace with this growth by providing supporting commercial, service, and residential facilities that enhance the investor experience and develop the city's business ecosystem.

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