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Oman's ambassador to India has invited Indian businesses to invest in Khazaen Economic City, a large integrated hub being developed as part of the country's economic diversification strategy. He said Oman provides a predictable and cost-efficient environment for companies looking to expand into the Gulf and Indian Ocean Region. The Khazaen delegation presented opportunities in food processing, pharmaceuticals, healthcare, logistics, textiles, and manufacturing. Located on the Muscat-Batinah Expressway, Khazaen offers modern infrastructure and good connectivity. Total investments in the project have already crossed USD 1 billion, with substantial foreign participation.
Oman is presenting itself as a practical and cost-effective base for Indian companies seeking expansion into the Gulf and the wider Indian Ocean Region. The country's Ambassador to India, Issa Saleh Abdullah Saleh Alshibani, called on Indian businesses to explore investment opportunities, especially in Khazaen Economic City, which is being developed as Oman's flagship integrated economic and logistics hub. Advertisement
The Ambassador also conveyed birthday greetings to Prime Minister Narendra Modi on behalf of the Omani government and people, stating that such gestures further strengthen ties between the two nations under his leadership.
Speaking to Indian business representatives, Alshibani explained that Oman offers a dependable investment environment, with policies designed for clarity and confidence. He pointed out that Muscat provides a cost-effective base in the Middle East, with short flying distances and cultural similarities that make it easier for Indian firms to operate. He added that Khazaen Economic City brings this vision into practice, with land availability, clear incentives, and dedicated teams to assist investors in execution.
The Ambassador further underlined that companies looking for a predictable, efficient, and well-connected base in the Middle East would find Oman suitable, with Khazaen as a key entry point.
The remarks were made at an event in India attended by a delegation from Khazaen Economic City. The delegation outlined investment opportunities across a wide range of sectors, including food processing, pharmaceuticals, healthcare, logistics, textiles and factory outlets, light manufacturing, and export-oriented small and medium-sized enterprises.
Khazaen's location along the Muscat-Batinah Expressway offers access to a densely populated area, with connectivity to major airports, seaports, and land routes. The city has been designed with modern infrastructure, industrial and free zone options, competitive operating costs, and investor support facilities.
By the end of 2023, total investments in Khazaen had already exceeded USD 1 billion, with nearly USD 583 million coming from foreign investors. The figure highlights both local and international confidence in the project's long-term prospects and signals its growing role in Oman's economic diversification plans.
Source PTI
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