Oman woos Indian investors to Khazaen economic zone

Special Oman woos Indian investors to Khazaen economic zone
Khazaen Economic City officials promote investment opportunities in the Omani economic zone during an event in New Delhi, Sept. 17, 2025. (AN Photo)
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Updated 18 September 2025

Oman woos Indian investors to Khazaen economic zone

Oman woos Indian investors to Khazaen economic zone
  • Khazaen Economic City is the largest economic zone connected directly to Muscat
  • Omani and Indian officials expect to finalize a CEPA soon, ambassador says

NEW DELHI: Oman’s Khazaen free economic zone is promoting investment opportunities in its industrial and logistics sectors in India this week as the two countries finalize their comprehensive economic partnership agreement.

Khazaen Economic City, the largest economic development zone connected directly to Oman’s capital, Muscat, was established in 2023 as part of the sultanate’s strategy to reduce dependence on oil and gas. It is an integrated hub that includes a dry port, residential areas and commercial components.

Khazaen Economic City’s commercial affairs manager, Mohamed Al-Siyabi, said the aim was to highlight incentives the economic city could offer the Indian business community and the ways in which it could help them be successful.

“For that we are exploring how we can join hands to attract different (industries) and how these can join Khazaen Economic City and start doing business in the designated areas,” he told Arab News during a promotional event at the Omani embassy in New Delhi on Wednesday.

The trade event, which promoted industrial and logistics activities with a focus on pharmaceuticals and food processing, took place amid advanced talks on a bilateral free trade pact.

Indian Commerce and Industry Minister Piyush Goyal announced in July that the agreement was “almost finalized.”

Negotiations on the deal, which is expected to be a comprehensive economic partnership agreement, formally started in November 2023 with the first round in New Delhi and the second in Muscat.

When the talks concluded in March 2024, Oman sought revisions on market-access terms and the final signature was postponed.

“It’s now at the stage where the legislative and administrative systems of both countries will have a look at it, so hopefully we will come out with very positive news somewhere in the near future,” said Issa Saleh Abdullah Saleh Al-Shibani, the Omani ambassador to New Delhi.

“We have really developed the ecosystem in Oman to streamline the investment environment ... I think this comes with much keenness and eagerness that we have seen from the Indian community to invest.”

About 700 Indian companies have already invested in the sultanate and more are attracted by the opportunities it offers. Some 100 investors from across India took part in the trade event hosted by the Omani embassy.

While Oman is one of Delhi’s smaller Gulf Cooperation Council trading partners — trailing behind the UAE and , with bilateral trade volume accounting for about $10 billion — it remains strategically important.

Oman’s location, modern seaport facilities and stable environment make it a crucial logistics and trade hub that can play a role in promoting Indian businesses across the whole GCC, Waiel Awwad, acting secretary general of the India-Arab Countries Chamber of Commerce, Industry and Agriculture, told Arab News.

“(Oman) can play a good role in promoting business ... This will open opportunities for our Indian friends and businessmen to invest in the Arab world.”

Rushlene Kaur, vice president of Labotek Technologies, who took part in the promotional event, said she was especially interested in its space for green energy solutions and joint ventures with companies in Oman, especially as under the sultanate’s 2040 vision, the whole country will slash its consumption of fossil fuels.

“We are very keen to work on renewable energy solutions and setting up such solar power plants and renewable energy power plants in Khazaen,” Kaur said.

“We are looking to setting up a joint venture with companies in Oman, and looking for local manufacturing ... There are government tenders which have been floated, so we are very enthusiastic to be part of this ecosystem.”


Truckers defy death to supply militant-hit Mali with fuel

Truckers defy death to supply militant-hit Mali with fuel
Updated 3 sec ago

Truckers defy death to supply militant-hit Mali with fuel

Truckers defy death to supply militant-hit Mali with fuel
TENGRELA: Tanker driver Baba steeled himself for yet another perilous journey from Ivory Coast to Mali loaded up with desperately needed fuel — and fear.
“You never know if you’ll come back alive,” he said.
Even before they hit the road, the mere mention of a four-letter acronym is enough to scare Baba and his fellow drivers.
JNIM, the Al-Qaeda-linked Group to Support Islam and Muslims, known by its Arabic acronym, declared two months ago that no tanker would cross into Mali from any neighboring country.
Hundreds of trucks carrying goods from the Ivorian economic hub Abidjan or the Senegalese capital Dakar have since been set on fire.
The JNIM’s strategy of economic militant aims to choke off Mali’s capital Bamako and the ruling military junta, which seized power in back-to-back coups in 2020 and 2021.
The fuel blockade has made everyday life in the west African country all but impossible.
“By economically strangling the country, the JNIM is looking to win popular support by accusing the military government of incompetence,” Bakary Sambe from the Dakar-based Timbuktu Institute think tank said.
On top of that, Mali has a “structural problem of insecurity,” he added.
Despite it all, dozens of tanker truckers still brave the roads, driven on by “necessity” and “patriotism,” they say.
AFP spoke to several along the more than 300-kilometer (185-mile) road between the northern Ivorian towns of Niakaramandougou and Tengrela, the last one before the Malian border.

- Dying ‘for a good cause’ -

“We do it because we love our country,” Baba, whose name AFP has changed out of security concerns, said.
“We don’t want Malians to be without fuel,” added the 30-year-old in a Manchester United shirt.
Taking a break parked up at Niakaramandougou, five hours from the border, Mamadou Diallo, 55, is similarly minded.
“If we die, it’s for a good cause,” he confided.
Further north at Kolia, Sidiki Dembele took a quick lunch with a colleague, their trucks lined up on the roadside, engines humming.
“If the trucks stop, a whole country will be switched off,” he said, between mouthfuls of rice.
Two years ago, more than half of the oil products exported by Ivory Coast went to Mali.
Malian trucks load up at Yamoussoukro or Abidjan and then cross the border via Tengrela or Pogo, traveling under military escort once inside Mali until their arrival in Bamako.
Up to several hundred trucks can be escorted at a time, but even with the military by their side, convoys are still frequently targeted, especially on two key southern axes.
“Two months ago, I saw militants burn two trucks. The drivers died. I was just behind them. Miraculously they let me through,” Moussa, 38, in an oil-stained red polo T-shirt, said.
Bablen Sacko also narrowly escaped an ambush.
“Apprentices died right behind us,” he recalled, adding firmly: “Everyone has a role in building the country. Ours is to supply Mali with fuel. We do it out of patriotism.”


- ‘Risk premium’ -

But their pride is mixed with bitterness over their working conditions.
“No contract, no insurance, no pension. If you die, that’s that. After your burial, you’re forgotten,” Sacko said.
With monthly pay of barely 100,000 CFA francs ($175, 152 euros) and a small bonus of 50,000 CFA francs per trip, Yoro, one of the drivers, has called for a risk premium.
Growing insecurity has prompted some Ivorian transport companies to halt road travel into Mali.
In Boundiali, Broulaye Konate has grounded his 45-strong fleet.
“I asked a driver to deliver fertilizer to Mali. He refused. The truck is still parked in Abidjan,” he said.
Ivorian trucker Souleymane Traore has been driving to Mali for seven years but said lately “you take to the road with fear in your heart.”
He recently counted 52 burnt-out tankers on his way back to Ivory Coast and another six on a further stretch of road.
Malian Prime Minister Abdoulaye Maiga has referred to the fuel that manages to get through as “human blood,” in recognition of the soldiers and drivers killed on the roads.
Analyst Charlie Werb from Aldebaran Threat Consultants said he did not anticipate the fuel situation easing in the coming days but said the political climate was more uncertain.
“I do not believe JNIM possesses the capability or intent to take Bamako at this time, though the threat it now poses to the city is unprecedented,” he added.