Sezad calls on corporates to explore investment opportunities

Business Saturday 30/October/2021 12:49 PM
By: Times News Service
Sezad calls on corporates to explore investment opportunities
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Muscat: The Special Economic Zone in Duqm (Sezad) invited companies specialised in modern construction technologies to explore investment opportunities by preparing a number of sites available to use artificial intelligence technology to construct service facilities and establish quality projects in the region.

Eng. Saleh bin Rashid Al Hashmi, Director General of Planning and Engineering Affairs and Head of the Modern Building and 3D Printing Techniques Team in the Special Economic Zone at Duqm (Sezad) called on the companies specialised in the field of modern building techniques to explore potential investment opportunities. Sezad has designated a number of locations for the artificial intelligence projects, where buildings and service facilities and other quality projects could be developed.

Al Hashmi stressed that Sezad can provide a suitable and attractive environment for experimenting with such technologies offered by the corporates specialised in modern building techniques and benefiting from this environment by establishing some buildings, which can be promoted within and outside the Sultanate.

“The zone welcomes the initiatives of local and international private sector companies and research institutions to expand their services and activities and develop their business in Sezad. Accordingly, investors will be stimulated to use modern technologies that serve to reduce the building cost and duration of projects as well as providing environment-friendly buildings,” Al Hashmi commented.

Al Hashmi explained, “The Team of Modern Building and 3D Printing Techniques in Sezad provides the support to the specialised companies and those interested in real estate development and construction using 3D printing techniques. Hence, the team could be approached via WhatsApp 0096871144433 or e-mail [email protected]."

It is worth noting that in mid-June, the Board of Directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) approved the use of modern building techniques, including 3D printing in the Special Economic Zone at Duqm and other free zones. As well, packages of facilities and incentives will be provided to companies that use 3D printing in construction, including exemption from rental fees for up to five years.