Phase 1 masterplan of Oman's Khazaen Economic City unveiled
The 'rapid approval' of Phase 1's masterplan has paved the way for the next stage of works, CEO Khalid Al-Balushi says
Oman’s Khazaen Economic City (KEC) has revealed the master plan of Phase 1 of its eponymous 52km2 integrated economic city – considered the largest public-private partnership (PPP) project in Muscat – which has Atkins, a part of Canada-based SNC-Lavalin Group, involved as lead consultant.
The masterplanned city will feature free trade agreements with the US, Singapore, and the GCC, with its vicinity located close to Middle Eastern, Indian, Asian, and African markets.
Speaking about the development, chief executive officer of KEC, Khalid Awadh Al-Balushi, said that the rapid approval of the masterplan for Phase 1 had marked the beginning of the next stage of works at the community.
Al-Balushi added that KEC would continue attracting local and foreign investment to the economic city’s facilities and units, with the company set to organise local and international road shows to present the components of the masterplan and its stages of implementation at these events.
In July 2018, Atkins was picked to deliver consultancy services for the megaproject under a $6.8m (OMR2.6m) contract, with the firm also assigned to carry out master-planning, design, and supervision for the Northern Oman project.
In June 2019, Al-Balushi revealed that construction contracts would be awarded and work would begin on the economic city in the second half of 2019.