Oman's Duqm economic zone attracts investments worth OMR3.673bn

Oman Saturday 12/November/2022 23:13 PM
By: ONA
Oman's Duqm economic zone attracts investments worth OMR3.673bn
The Special Economic Zones and Free Zones Authority (SEZAD) has completed the execution of infrastructural facilities at the Special Economic Zone, Duqm.

Duqm: The Special Economic Zone, Duqm, with a total area of 2,000 sq. kilometres is ideal for integrated economic development of the Sultanate of Oman.

The total investments at the Special Economic Zone, Duqm till June 2022 amounted to around OMR3.673 billion.

The Sultanate planned to establish mega industrial investment and strategic projects there, besides providing additional facilities at Duqm Port and other projects.

The Special Economic Zones and Free Zones Authority (SEZAD) has completed the execution of infrastructural facilities at the Special Economic Zone, Duqm, where the Duqm Port Company has been provided with port and other facilities, and the facilities required by the Royal Oman Police and the Ministry of Agriculture, Fisheries and Water Resources.

The fishing operators have been handed over this year the Duqm Multi-purpose Fishing Port. The Authority has also executed a project for two transformer stations, the first station for light industries with a capacity of 60 megavolt ampere and the second, with a capacity of 40 megavolt ampere at an approximate cost of OMR2.6 million has been dedicated to the fishing and food industries in the area.

The Authority has also upgraded the road network by laying 32 national roads, including the seafront road, internal roads at Sa’ai, etc.

The authority has also enhanced the telecommunications network and constructed a road for providing logistical services in the light industries area.

The project of supply of gas to Duqm has also been completed by laying of two gas pipelines for Duqm refinery and Marafiq company and the third pipeline would be for the medium industries area and other industrial and mining areas.

The Authority has also launched the service of electronic (online) selection of lands by investors, providing the investors the prerogative to select lands anywhere in Duqm and for more than 700 activities.

The authority has also announced that 10 million square metres of lands enjoying services such as electricity and water are available for further investments.

It has also launched the fast track services for investors providing them long-term residence facilities along with a number of online services.

Duqm Refinery Project is a joint venture comprising Oman Oil Company and Kuwait Petroleum International and is located at the heart of the Special Economic Zone, Duqm.

Following operation of the project, the refining capacity would reach 230,000 barrels a day. The Duqm Refinery is designed for refining heavy crude oil.

Ras Markaz Project is close to receiving the first shipment of crude oil in the first quarter of next year. At present, Ras Markaz Station represents the main source of crude to Duqm Refinery.