Khazaen Economic City has signed an investment agreement with Al Dar Al Arabiya Real Estate Development Company to develop a major mixed-use project within the economic city.
The agreement was signed on the sidelines of the Oman Real Estate, Design, and Construction Exhibition and Conference 2026.
The project will be developed on a freehold basis with an estimated investment value of $46.8 million (RO18 million) and will cover an area of 14,000 square meters.
Construction of the development is scheduled to commence during the final quarter of this year. The project will feature a combination of commercial outlets, administrative offices, residential apartments, and modern facilities designed to support a wide range of commercial and service activities within Khazaen Economic City.
The development forms part of the city’s broader strategy to establish a vibrant commercial boulevard aimed at delivering an integrated shopping and lifestyle experience for residents, visitors, and communities surrounding the economic zone.
Salem bin Sulaiman Al-Dhahli Chief Executive Officer Khazaen Economic City
“This project represents an important step in advancing Khazaen Economic City’s vision of creating a fully integrated business environment that combines commercial, residential, and service-oriented facilities. The city continues to witness rapid growth in projects and investments across multiple sectors, and this development comes in line with that expansion by providing modern infrastructure and support facilities that enhance the investor experience and contribute to the growth of the city’s business ecosystem.”
Khazaen Economic City has increasingly attracted investments across logistics, industrial, commercial, and real estate sectors, supported by its strategic location and integrated infrastructure.
