Khazaen Economic City (KEC), developer of a new 52 million sq m integrated economic city in Barka, Oman has announced the detailed master plan for the first phase of the project.
Located to the north of the capital, Muscat, Khazaen is the largest public-private partnership project in Oman.
The first phase of the city will include one-of-a-kind facilities such as the first dry port in Oman, a free zone, logistics and industrial complexes as well as social infrastructure, residential, commercial and entertainment components.
Salim Bin Sulaiman Al-Thuhli, general manager of Projects and Engineering at KEC described the approval of the first phase as a “significant milestone”.
“This allows us to embark on the execution of the development and break ground. Soon we will announce the award of the first construction contract,” he added.
Khalid Awadh Al-Balushi, CEO of KEC, also welcomed the rapid approval of the master plan for the first phase.
“With the approved plan for the first phase of the city, KEC can continue to attract local and foreign investment to new, state-of-the-art facilities and units across the development,” Al-Balushi said.
Al-Balushi also said that local and international roadshows will be held to introduce the components of the master plan and its stages of implementation to new and prospective tenants.
The master plan for the first phase was developed by Atkins, a member of the SNC-Lavalin Group, the lead consultant for Khazaen’s planning and design work.
This edited article first appeared in Arabian Business.