• Oman

    • Duqm Forum Highlights ‘SEZAD’ as Global Business Hub

    By on October 17, 2023

    17 Oct (ONA) — The 1st Duqm Economic Forum today highlighted the economic scene in the Sultanate of Oman and the future prospects for the Special Economic Zone in Duqm (SEZAD).

    The second day of the forum included two discussion sessions. The first one highlighted SEZAD’s potentials as a centre for economy, business and industry. It also showcased the zone’s role as a main hub for global business inflow. The second session focused on the role of transformation to green energy in the production of petrochemicals and related industries. It also highlighted investment opportunities related to Duqm Refinery and Ras Murkaz oil storage terminal.

    Eng. Ahmed Hassan Al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ) said that the forum showcased the rich opportunities of Duqm Refinery project and the Raz Markaz Crude Oil Storage Terminal – the largest oil storage in the Middle East – as the petrochemicals industry moves forward with its new business models.

    He added, “Our two Duqm Dialogues showed clearly the innovative spirit and inspirational ambition of Oman’s young entrepreneurs.” Al Dheeb further said that that the forum demonstrated how Duqm is leading change in green industry. It has provided a window on the rich possibilities of SEZAD, its exceptional appeal as an investment destination and its outstanding competitive offer, which is based on sustainable growth and a bold innovative spirit, Al Dheeb said.

    On his turn, Eng. Khamis Mohammed Al Shamakhi, Undersecretary of the Ministry of Transport, Communications and Information Technology for Transport said that SEZAD is an enabler towards achieving the Sultanate of Oman’s approaches, such as the Logistics Strategy, reaching net zero emissions by 2050, and Oman Vision 2040, as well as developing hydrogen and green energy projects.

    He added that global changes require working on making supply chains more resilient and flexible amid any possible disruptions.

    Meanwhile, HH Sayyid Dr. Adham Turki Al Said pointed out that the forum reflects the economic development in SEZAD.He explained that the forum brought together many experts, investors, CEOs and investment companies who are interested in investing in the zone. Such forums, he added, contribute to increasing the tourism and business movement.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.