{"id":71852,"date":"2023-07-05T00:00:00","date_gmt":"2023-07-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/05\/oman-to-establish-two-economic-freezones-in-its-khazaen-economic-city\/"},"modified":"2023-07-05T00:00:00","modified_gmt":"2023-07-05T00:00:00","slug":"oman-to-establish-two-economic-freezones-in-its-khazaen-economic-city","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/05\/oman-to-establish-two-economic-freezones-in-its-khazaen-economic-city\/","title":{"rendered":"Oman to establish two economic freezones in its Khazaen Economic City"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Oman will establish two economic <\/span><span style=\"font-weight:700\">freezones<\/span><span style=\"font-weight:700\"> in its south governorate Al Batinah <\/span><span style=\"font-weight:700\">called Khazaen Economic City<\/span><span style=\"\">, following two royal decrees issued by Oman\u2019s Sultan Haitham, ac<\/span><span style=\"\">cording to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/OmanNewsAgency\/status\/1675852351373213698\" style=\"\">tweet<\/a><\/span><span style=\"\"> from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omannews.gov.om\/\" style=\"\">Oman News Agency<\/a><\/span><span style=\"\">. The two <\/span><span style=\"\">freezones<\/span><span style=\"\"> will fall under the supervision of Oman\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/opaz.gov.om\/en\" style=\"\">Public Authority for Special Economic Zones and FreeZones<\/a><\/span><span style=\"font-weight:400;\">. The news agency did not disclose the timeline for the development and completion of the zones. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What we know: <\/span><span style=\"\">One of the zones will be used for light and medium industries and logistical activities, while the other will focus on business and trade, and offer customs and tax exemptions, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/420012\" style=\"\">news agency<\/a><\/span><span style=\"\">. <\/span><span style=\"font-weight:400;\">While the exact investments for the freezones was not disclosed, Khazaen was able to attract 100 investment agreements valued at OMR 300 mn, the news agency said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Who\u2019s involved? <\/span><span style=\"\">Oman Logistics Company \u2014 the operator of Khazaen Economic City \u2014 will operate the two new freezones. Khazaen Economic City Company, the economic city\u2019s developer, will develop the two freezones, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/OmanNewsAgency\/status\/1675852430276456448\" style=\"\">tweet<\/a><\/span><span style=\"font-weight:400;\"> by the news agency.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Khazaen Economic City:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/khazaen.om\/\" style=\"\">Khazaen<\/a><\/span><span style=\"\"> is the trade, logistics and industrial hub of Oman and the largest development zone connected to Muscat, located on a 52 mn sqm land on the Muscat-Batinah Expressway. The \u201cintegrated economic city\u201d includes an inland dry port, freezone, logistics and warehousing facilities, commercial, residential and mixed use developments, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/420012\" style=\"\">news agency<\/a><\/span><span style=\"\"> said. The development of Khazaen is reportedly set to be completed over two stages, with the first phase providing 3.2 mn sqm of leasable space for various sectors, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mubasher.info\/news\/4148817\/%D8%B9-%D9%85%D8%A7%D9%86-%D8%AA%D8%AF%D8%B4%D9%86-%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%88%D9%85%D9%86%D8%B7%D9%82%D8%AA%D9%8A%D9%86-%D8%AD%D8%B1%D8%AA%D9%8A%D9%86\/\" style=\"\">Mubasher<\/a><\/span><span style=\"font-weight:400;\"> writes.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Oman \u2014 along with other GCC countries \u2014 is working to diversify its sources of income<\/span><span style=\"font-weight:400;\">: Oman is striving to stimulate its economic growth by enhancing its logistics and industrial development, maximizing private sector participation within the county\u2019s development, and attracting global and regional investments, according to the state agency. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The zones will be tailored to light and medium industries, business and trade<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[17,25,142,32,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71852","post","type-post","status-publish","format-standard","hentry","category-zones","tag-enterprise-logistics","tag-logistics","tag-oman","tag-trade","tag-zones","wpautop","entry"],"acf":{"mongo_id":"c019d330-d490-417f-b534-251172d2e8bf","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/71.jpg,https:\/\/www.facebook.com\/KhazaenOM\/posts\/2059198144278110:2059198144278110","photo_position":"above","homepage_title":"","full_issue_title":"Oman to establish two economic freezones in its Khazaen Economic City","related_issue":[71847],"teaser":"The zones will be tailored to light and medium industries, business and trade","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.5f56e2b0-98f2-4ec2-a7d2-473f41ce8105.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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