Oman’s Khazaen Economic City signs agreement build $9.06m worth of industrial projects
Developer has increased manpower on site to further accelerate construction
Khazaen Economic City has said that it has signed an agreement with Al Janabi International investment company to set up a factory that will produce cement products.
According to a report by Oman News Agency, the project will cost $5.17 million for the first phase be set up. It will be developed on a total area of 5,000sqm.
In addition, Khazaen Economic City said that it has signed an agreement with Moayyad Omair investment company for the establishment of a factory for steel industries. This project will cost $3.89 million for the first phase and will be built on a total area of 7,500sqm.
The project aims to target the local and regional market and will produce 4,000 tonnes of steel annually.
