NEW DELHI: Oman’s Khazaen free economic zone is promoting investment opportunities in its industrial and logistics sectors in India this week as the two countries finalize their comprehensive economic partnership agreement.
Khazaen Economic City, the largest economic development zone connected directly to Oman’s capital, Muscat, was established in 2023 as part of the sultanate’s strategy to reduce dependence on oil and gas. It is an integrated hub that includes a dry port, residential areas and commercial components.
Khazaen Economic City’s commercial affairs manager, Mohamed Al-Siyabi, said the aim was to highlight incentives the economic city could offer the Indian business community and the ways in which it could help them be successful.
“For that we are exploring how we can join hands to attract different (industries) and how these can join Khazaen Economic City and start doing business in the designated areas,” he told Arab News during a promotional event at the Omani embassy in New Delhi on Wednesday.
The trade event, which promoted industrial and logistics activities with a focus on pharmaceuticals and food processing, took place amid advanced talks on a bilateral free trade pact.
