Omani-Saudi JV to establish seven factories in Khazaen Economic City
Published 23 Nov,2020 via Muscat Daily - Khazaen Economic City has announced the signing of three new tenancy agreements valued at nearly RO 3 mln. These agreements were signed recently with United Vision for Investment and Development, and Al Maha Food Industries LLC, an Omani-Saudi joint venture (JV) to establish several manufacturing units in the economic city.
Under the three agreements, Khazaen will lease about 27,000 sqm to United Vision for Investment and Development, and to Al Maha Food Industries LLC, to build seven manufacturing units for bottling drinking water, ice production, manufacturing of water bottles, a sweets factory, production of tomato ketchup and baby-related products, in addition to a factory for plastic related products.
The agreements were signed by Khalid Awadh al Balushi, CEO of Khazaen Economic City, Khalifa al Kindi, CEO of United Vision for Investment and Development, and a representative from Al Maha Food Industries LLC.
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