Khazaen Economic City has signed an investment agreement with Al Dar Arabia Real Estate Development to develop a new freehold mixed-use project with an estimated investment value of approximately RO 18 million. The development will span an area of 14,000 square metres within Khazaen Economic City.

The agreement was signed on the sidelines of the Oman Real Estate, Design & Build Exhibition and Conference 2026, one of the Sultanate’s leading platforms for showcasing major real estate and infrastructure developments.

Construction work on the project is scheduled to commence during the final quarter of 2026. The development will include retail outlets, administrative offices, residential apartments, and modern facilities designed to support a wide range of commercial and service activities within the economic city.

The project forms part of Khazaen Economic City’s broader master plan to establish a vibrant commercial boulevard that delivers an integrated shopping and lifestyle experience for residents, visitors, and surrounding communities.

Commenting on the agreement, Eng. Salim Sulaiman Al Dhuhli, CEO of Khazaen Economic City, said the project represents a strategic addition to the city’s ongoing efforts to create a fully integrated business and investment environment that combines commercial, residential, and service components in a modern urban setting.