Muscat: Takamul Investment, through its newly incorporated Centralised Utilities Company (CUC), has signed an agreement with the Special Economic Zone Authority at Duqm (SEZAD) to provide industrial utilities within the Duqm Special Economic Zone (SEZ).
The 25-year agreement gives CUC exclusive rights to provide all utilities to the industrial zone within the Duqm SEZ, according to a press release issued by SEZAD yesterday.
The agreement was signed by Yahya bin Said Al Jabri, chairman of SEZAD and Nabil Al Ghassani, chairman of Centralised Utilities Company, at the Knowledge Oasis Muscat (KOM). CUC is a joint venture between Takamul and Sembcorp Utilities, which is a global leader in the provision of utilities, such as energy, water and on-site logistics to multiple customers in industrial sites. Sembcorp Utilities is owned by Sembcorp Industries, which is headquartered in Singapore and operates across six continents worldwide.
Commenting on the strong relationship that Oman is developing with Singaporean investors, Al Jabri said; "I am delighted to see that our close ties with Singapore are bearing fruit here in Oman and specifically in Duqm where these relations have been extended and deepened to be an effective and close cooperation that covers many fields. A strategic partner within a strategic project is bringing great innovation and prosperous initiatives for both partners."
Upon the establishment of CUC, industries will only need to coordinate with one entity in order to address their utility and permit requirements. The utilities to be provided will include steam, industrial gases, process water and seawater for cooling purposes, captive power, distribution of natural gases and industrial waste water treatment.