Marafiq posts $600 million investments at SEZD

Muscat: Marafiq, specialised in delivering various industrial services in the Special Economic Zone at Duqm (SEZD), has implemented several strategic projects.

Eng. Abdullah Mohammed Al Hashimi, CEO of Marafiq said that Marafiq, which was established in 2013, aims to provide centralised utilities to SEZD. The Company is a joint venture owned by OQ Group and Gulf Energy Development Corporation.

Al Hashimi added that Marafiq has spent almost USD 600 million to set up a comprehensive electricity and water plant, as well as to provide electricity and drinking water services to industrial, commercial and residential facilities in SEZD.

Al Hashemi pointed out that Marafiq plays an important role in providing basic public services for major investments at SEZD in a bid to ensure growth and prosperity for the region as a global trade centre.

He also said that the water transmission and distribution project has been awarded to the fish industries zone at SEZD. The total cost of the project is $6.5 million and it is expected to be finished by the end of 2023.

Moreover, Marafiq aims to provide reliable and efficient facilities and invest in Oman's human capital. It is also committed to practising sustainable and environmentally friendly operations.

Marafiq manages and operates several projects at SEZD, including the Integrated Power and Water Plant, a gas turbine power plant and a project to produce, transport and distribute potable water at SEZD.

Further, Marafiq’s objectives include meeting the growing demand for energy at Duqm, securing a more reliable and efficient source of energy, reduce the cost of power production and the cost of government subsidies for the sector. It also targets reducing annual carbon dioxide emissions by 90,000 tonnes, equivalent to the emissions of around 20,000 cars.