Khazaen signs new investment pact with Omani logistics SME

Khazaen Economic City has recently announced the signing of a new investment agreement with Al Safwa SPC, a 100 per cent Omaniowned SME company.

Under the agreement, Al Safwa will lease an area of 10,000 sqm aim to move its logistics and facility management services operations to Oman’s most integrated economic city.

Eng Salim bin Sulaiman al Thuhli, CEO, Khazaen said, “It’s a great move by an SME company and an inspiration for others as well. It reflects the trust that Khazaen is gaining from various business communities.

Khazaen is determined to support SMES by providing access to various logistics and business gateways to enable them to succeed in their business. Indeed, today’s signing reflects Khazaen’s anticipated role in supporting the economic diversification plans of the Sultanate.”

Warith al Kharousi, CEO, Al Safwa SPC, said: “It is a great pleasure to be associated with Khazaen Economic City.

It caters to our needs of today and also provides a competitive edge for the future that will enable us to compete locally and globally.

We have shifted our business and would like to encourage other Omani companies to explore Khazaen for their future growth plans. Our decision to invest in Khazaen was linked to our business and operational growth while pursuing sustainable business across all industrial sectors, which we hope will meet with our ambitions of diversification and growth plans.”