• Oman

    • Oman Signs RO 12.4 Million Financing Agreement with Kuwait Fund for Duqm Roads Project

    By on January 28, 2026

    Oman, Kuwait Fund Support Second Phase of SEZAD Internal Roads Project

    Muscat: The Sultanate of Oman today signed a financing agreement with the Kuwait Fund for Arab Economic Development to contribute to the financing of the second phase of the internal roads project in the Special Economic Zone at Duqm (SEZAD).

    The agreement was signed on behalf of the Government of the Sultanate of Oman by Sultan Salim Al Habsi, Minister of Finance, while Waleed Shamlan Al-Bahar, Acting Director General of the Kuwait Fund for Arab Economic Development, signed on behalf of the Fund.

    The project aims to support economic and social development efforts in the Special Economic Zone at Duqm by developing residential schemes and providing associated facilities and services that facilitate transport movement within areas designated for citizens. The project scope includes the development of main and secondary road networks through the paving of internal roads in the First and Second Residential Areas, as well as the Industrial Area.

    The project also covers the implementation of related infrastructure works, including stormwater drainage systems, traffic safety equipment, consultancy services, and the relocation of existing utilities.

    The implementation of this project comes within the framework of enhancing the transport system in SEZAD, ensuring smooth movement between residential and industrial areas, and creating an advanced urban environment that keeps pace with the region’s accelerated economic growth, in line with the objectives of Oman Vision 2040.

    Eng. Ahmed Hassan Al Dheeb, Vice Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), stated that the agreement relates to financing the second phase of the internal roads project in the commercial district of the Sai area. He confirmed that the Authority has completed all preparatory stages of the project, including the development of designs and tendering mechanisms, noting that technical evaluation of the submitted bids is currently underway.

    For his part, Waleed Shamlan Al-Bahar, Acting Director General of the Kuwait Fund for Arab Economic Development, explained that the financing allocated for the implementation of the second phase of the internal roads project in SEZAD amounts to approximately RO 12.4 million.

    The signing ceremony was attended by Qais Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones.

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