New Khazaen investment to support food security
Published: 02:10 PM,Oct 21,2022 | EDITED : 06:10 PM,Oct 21,2022
Khazaen Economic City has signed a long-term investment agreement with Jasmine Oriental for Food and Business to establish an integrated word-class Food Industrial Cluster on a land of 60,000 square metres.
This signing comes within the framework of Khazaen Economic City's strategy to attract local and foreign investments to prioritise industries that meet the requirements of food security strategy in the Sultanate of Oman, GCC and international markets.
The investment cost of the project is expected to exceed RO 5 million over the next five years. It envisages the development of an integrated Food Industrial Cluster in the Food City based on the adoption of advanced technology in the food industries, through contracting with the most important specialised international companies in a manner that guarantees the highest quality standards of safety and sustainability in the Omani food industries.
This signing comes within the framework of Khazaen Economic City's strategy to attract local and foreign investments to prioritise industries that meet the requirements of food security strategy in the Sultanate of Oman, GCC and international markets.
The investment cost of the project is expected to exceed RO 5 million over the next five years. It envisages the development of an integrated Food Industrial Cluster in the Food City based on the adoption of advanced technology in the food industries, through contracting with the most important specialised international companies in a manner that guarantees the highest quality standards of safety and sustainability in the Omani food industries.