Khazaen Economic City signs agreements to establish cement, steel factories
Khazaen Economic City Oman has signed an agreement with Al Janabi International Investment Company to establish a factory that will produce cement products. For the first phase of the project, Al Janabi International Investment Company will invest RO 2 million. In total, the project will be built on a plot of land measuring more than 5,000 square meters.
Another agreement was signed between Khazaen Economic City and Moayyad Omair investment company to establish a factory for steel industries worth RO 1.5 million for the first phase. The project will be set up on a total area of 7,500 square meters. This project, which targets the local and regional market, aims to produce 4,000 tons of steel structures monthly.