Royal Decree 44/2023 Establishing The Khazaen Economic City And Promulgating Its System
An economic city in the Governorate of Batinah South named the “Khazaen Economic City” is hereby established on the area of land specified in accordance with the attached master plan. It shall be subject to the supervision of the Public Authority for Special Economic Zones and Free Zones, and the attached system shall apply to it.
Two free zones are hereby established in the Khazaen Economic City on the area of land specified in accordance with the attached master plan and which are specified in the development agreement referred to in the attached system.
The development agreement and usufruct agreement for the Khazaen Economic City stipulated in the attached system are hereby approved.
Oman Logistics Company LLC shall be the operator of the Khazaen Economic City and the two free zones in it, and Khazaen Economic City LLC shall be the developer of the Khazaen Economic City and the two free zones in it.
The Chairman of the Board of Directors of the Public Authority for Special Economic Zones and Free Zones shall issue the necessary regulations and decisions to implement the provisions of the attached system.
This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.