Economy
Khazaen Economic City Inks Agreements To Set Up Cement, Steel Factories
Khazaen Economic City signed an agreement with Al Janabi International Investment Company today [April 11] to establish a factory to produce cement products to the tune of RO2mn for the first phase.
The project will be set up on a total area of 5,000 square meters.
Another agreement was signed between Khazaen Economic City and Moayyad Omair Investment Company to establish a factory for steel industries worth RO1.5mn for the first phase.
The steel project will be set up on a total area of 7,500 square meters. This project, which targets the local and regional market, aims to produce 4,000 tons of steel structures monthly.
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