Khazaen Economic City signed an agreement last week [Thursday, March 31] with a foreign investment company to establish a factory for the production of solid soap products to the tune of RO2mn for the first phase.

The agreement was signed with the investing company by Eng. Salim Sulaiman Al Thuhli, CEO of Khazaen Economic City, and the factory will be set up on an area of 5,000 square meters.

Mr. Al Thuhli said that the agreement comes within the framework of Khazaen’s efforts in attracting foreign investments. This investment, he added, is important for the local and regional market and it directly contributes to economic diversification in Oman, as well as providing job opportunities for national cadres.