Khazaen Economic City has signed an agreement with Al Janabi International investment company to establish a factory to produce cement products to the tune of RO2 million ($5.17 million) for the first phase.

The project will be set up on a total area of 5,000 sq m, reported Oman News Agency (ONA).

Another agreement was signed between Khazaen Economic City and Moayyad Omair investment company to establish a factory for steel industries worth RO1.5 million for the first phase. The project will be set up on a total area of 7,500 sq m.

This project, which targets the local and regional market, aims to produce 4,000 tons of steel structures monthly.