Khazaen Economic City signs two usufruct agreements

May 30, 2019

Khazaen Economic City (KEC) has signed two usufruct agreements with foreign investors to set up two industrial projects in KEC’s industrial zone.

Khalid bin Awad al Balushi, CEO of KEC, and general managers of the owners of the two industrial projects signed the agreements.

Balushi said that the signing of these agreements is an important step in opening the KEC for local and foreign investors. In the coming weeks, he said that as many as ten major investment agreements will be signed.

Balushi said that the main task of KEC officials is to attract international investments and enhance the sultanate’s position as an investment destination in the region and globally.