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The project has been envisioned as the first D2C industrial park in the country.
The budget airline will conduct the services via Muscat from Fujairah airport and back on Mondays and Wednesdays, starting on October 2.
The average flight charge from Kerala to the Gulf is Rs 34,000.
Around 250 delegates from different countries will attend the conference.
An employment exchange to identify experienced professionals among expatriates was one of the recommendations of the 2020 Loka Kerala Sabha.
V Thulasidas, who has been reappointed as the special officer of the project, hopes to get the Union Civil Aviation Ministry nod for the project soon.
The mass return of Keralites in the aftermath of the COVID crisis and the influx of North Indians to the Gulf is likely to have contributed to this change.
While CPI leader and Revenue Minister K Rajan sought an inquiry into the issue, NORKA vice-chairman P Sreeramakrishnan argued that there was no need for such an inquiry.
Officially, it is said the Chief Minister has been advised rest by the doctor. The UDF had boycotted the event citing non-implementation of decisions taken at first Loka Kerala Sabha, and extravagant spending.
Earlier, the investment cap was Rs 10 crore. The State amended the Act after the Central government raised the investment ceiling to Rs 50 crore.