Chinese team explores investments in Duqm SEZ

Energy Sunday 26/November/2017 21:54 PM
By: Times News Service
Chinese team explores investments in Duqm SEZ

Muscat: Investment opportunities available in the SEZD and the incentives provided by SEZAD to investors were discussed at a high-level meeting on Sunday.
Yahya bin Said Al Jabri, Chairman of the Special Economic Zone Authority of Duqm (SEZAD) received in his office Lee Qun, Executive Vice Governor of Chandnog Province, who started a visit to the Sultanate during which he will discuss the economic relations between the Sultanate and China, as well as efforts to increase trade exchange and promote joint investments.
Al Jabri reviewed the growing economic relations between the Sultanate and China and efforts to develop them.
He praised China's investments in the Special Economic Zone of Duqm (SEZD) within the Chinese Industrial City, which is supported by the Chinese government and the Chinese province of Ningxia.
The meeting explored investment opportunities available in the SEZD and the incentives provided by SEZAD to investors, the geographical location of the zone, the infrastructure projects currently witnessed in the zone and the private sector's investments in particular, especially the Chinese investments.
Al-Jabri invited the government of Chandnog Province to invest in Duqm.
He said, "We welcome more Chinese investments in the SEZD," he said, highlighting the many facilities provided by SEZAD to investors.
He added that Duqm location offers Chinese companies easy access to many Asian and African markets.
Several presentations were given about the SEZD, Oman Oil Company and Duqm Port.
Lee Qun, Executive Vice Governor of Chandnog Province expressed his happiness to visit the Sultanate.
He reviewed the advantages of Chandnog Province and potential areas of cooperation between the two sides.
He also hoped the visit would contribute to opening new avenues of cooperation between the Sultanate and China and strengthening relations between the two countries.