Khazaen Fruit and Vegetable Central Market to open this year

Khazaen Fruit & Vegetable Central Market (KFVCM) is located at Khazaen Economic City in Barka.

Muscat: During its media meeting, the General Authority for Special Economic Zones and Free Zones reviews the most prominent achievements it achieved in 2023, and the targets and plans for the current year.

Highlights

The Authority: The volume of cumulative investment committed in all regions until the end of December 2023 amounts to RO 19 billion, including RO 6 billion in the Special Economic Zone at Duqm.

His Excellency Dr. Chairman of the General Authority for Special Economic Zones and Free Zones: The volume of private sector investments in the Duqm Special Economic Zone is increasing as a result of the opening of the Duqm Refinery and Petrochemical Industries Project.

His Excellency: The investments added during the year 2023 in the free zones in Sohar, Salalah and Al Mazyouna are approximately RO 800 million.

His Excellency: The Sohar Free Zone Administration has begun procedures to reclaim 630 hectares, representing an additional expansion of the current phase to keep pace with the increasing demand for establishing industrial projects.

His Excellency: The Salalah Free Zone has been able to localize a number of projects, including 3 projects in the fields of food and mining industries and medical supplies, with an investment estimated at RO 24 million.

His Excellency: The Public Establishment for Industrial Estates “Madayn” attracts 226 projects distributed among the various industrial cities, with a total investment estimated at 203 million Omani riyals, including 7 projects in the plastics industries sector.

His Excellency: The number of agreements signed in Khazaen Economic City until the end of 2023 exceeded 100 agreements in various economic sectors, and it is expected that the central market for vegetables and fruits in the city will open during this year.

His Excellency: The Authority was able to achieve financial savings in the projects it is implementing, estimated at approximately RO 38 million, which were used to cover the needs of a number of projects related to developing the lifestyle in the Special Economic Zone in Duqm.

His Excellency: The volume of direct revenues from the regions last year amounted to about RO 61.6 million, an increase of 15 percent over the target set for the same year, and the Authority is completing the procedures for supervising and implementing the eight regions under development.

The Authority: The Omanization rate reaches 34 percent within a total direct workforce exceeding 75 thousand workers at various administrative and technical levels in the 22 economic, free and industrial zones that it supervises.

Authority: 92 percent satisfaction rate of beneficiaries of services until the end of December 2023, compared to 86 percent in June 2023.

The Authority: Work is underway to develop the integrated economic zone in Al Dhahirah Governorate, the economic zone in Al Rawdah Prosecution, the free zone at Muscat International Airport, and a number of industrial zones operated by “Madayn”, such as the cities of Mahas, Ibri, Saih Al Suriyah, Al Mudhaibi and Thumrait.