Royal Decree 44/2023 Establishing the Khazaen Economic City and Promulgating Its System

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

Royal Decree 2/98 Promulgating the Real Estate Register System,

the Law of Free Zones promulgated by Royal Decree 56/2002,

Royal Decree 67/2003 Applying the Unified Customs Law of the Cooperation Council for the Arab States of the Gulf,

the Income Tax Law promulgated by Royal Decree 28/2009,

Royal Decree 93/2020 Amending the Name of the Ministry of Housing to the Ministry of Housing and Urban Planning, Determining Its Competences, and Adopting Its Organisational Structure,

and Royal Decree 105/2020 Establishing the Public Authority for Special Economic Zones and Free Zones and Determining Its Competences,

and in pursuance of public interest,

have decreed as follows

Article I

An economic city in the Governorate of Batinah South named the “Khazaen Economic City” is hereby established on the area of land specified in accordance with the attached masterplan. It shall be subject to the supervision of the Public Authority for Special Economic Zones and Free Zones, and the attached system shall apply to it.

Article II

Two free zones are hereby established in the Khazaen Economic City on the area of land specified in accordance with the attached masterplan and which are specified in the development agreement referred to in the attached system.

Article III

The development agreement and usufruct agreement for the Khazaen Economic City stipulated in the attached system are hereby approved.

Article IV

Oman Logistics Company LLC shall be the operator of the Khazaen Economic City and the two free zones in it, and Khazaen Economic City LLC shall be the developer of the Khazaen Economic City and the two free zones in it.

Article V

The Chairman of the Board of Directors of the Public Authority for Special Economic Zones and Free Zones shall issue the necessary regulations and decisions to implement the provisions of the attached system.

Article VI

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 15 Dhu Al-Hijja 1444
Corresponding to: 3 July 2023

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1501 issued on 9 July 2023.