Investment in Oman’s Special Economic Zone at Duqm hits RO 6bn

Investment Volume in Special Economic Zone at Duqm reached RO 6 billion

Duqm: The Duqm Special Economic Zone has been able to attract various projects in various economic sectors, in light of the region’s many investment advantages, such as its geographical location, the incentives offered by the General Authority for Economic Zones and Free Zones to investors, and high-level infrastructure.

Engineer Ahmed bin Hassan Al-Dheeb, Vice President of the General Authority for Economic Zones and Free Zones, explained that there are many indicators that confirm the promising future of the region and its ability to be a global investment destination that contributes positively to economic diversification.

His Excellency said in a statement to the Oman News Agency: The Duqm Special Economic Zone has attracted qualitative projects, including the Duqm Refinery, and the region has also been able to achieve new investments by attracting a group of projects in the sectors of renewable energy, green industries, and fisheries industries.

His Excellency added that the investment map indicates the diversity of nationalities of investors in the region, which indicates the region’s attractiveness for various investments, whether in industrial sectors, commercial and tourism sectors, logistics, real estate development, renewable energy, green industries, and other industries.

His Excellency pointed out that the General Authority for Special Economic Zones and Free Zones is working to raise the competitiveness of the Special Economic Zone in Duqm and enable it to achieve its goals of economic diversification and enable it to attract many major projects.

His Excellency stated that the Duqm Special Economic Zone enjoys the presence of an integrated infrastructure that stimulates investments, such as the Port of Duqm, the dry dock for ship repair, the Duqm Airport, the multi-purpose fishing port, and the road network that covers various investment areas. The past years have also witnessed important investments in the tourism, communications, and information technology sectors, considering them Sectors that support and enable investment growth.

His Excellency said that due to the marketing and promotional efforts by the Public Authority for Economic Zones and Free Zones, investment indicators have recorded continuous progress and successive growth, as statistics indicate that there are investment projects currently under construction in the region at a cost of about RO 1.8 billion, bringing the volume of investments in Duqm to RO 6. Billions, including investments worth RO 4.2 billion Omani riyals for existing projects, and there are other large projects under negotiation with the Authority and other government agencies that are expected to be announced during the coming period.

His Excellency Engineer Ahmed bin Hassan Al-Dheeb confirmed that the volume of investments in the Duqm Special Economic Zone is likely to rise in the coming years with the increase in the number of projects wishing to invest in the region, especially green industries and renewable energy projects.

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.