Sunday 22 / December / 2024
Muscat: The Special Economic Zone at Duqm (Sezad) has managed to attract various projects in diverse economic sectors, in light of the zone’s many investment advantages such as its geographical location, the incentives offered by the Public Authority for Special Economic Zones and Free Zones (Opaz) to investors, and high-level infrastructure.
Eng. Ahmed Hassan Al Dheeb, Opaz Deputy Chairman explained that many indicators confirm the promising future of the zone and its ability to be a global investment hub that contributes positively to economic diversification.
He said in a statement to Oman News Agency (ONA) that the Sezad has attracted qualitative projects, including the Duqm Refinery. The zone has also been able to achieve new investments by attracting a group of projects in the sectors of renewable energy, green industries, and fisheries industries.
He added that due to the marketing and promotional efforts made by Opaz, investment indicators have made continuous progress and successive growth. Statistics indicate that there are investment projects currently under construction in the zone at a cost of about OMR1.8 billion, bringing the volume of investments in Duqm to OMR6 billion, including investments worth OMR4.2 billion in existing projects.
He affirmed that the volume of investments in the Sezad is likely to rise in the coming years with the increase in the number of projects wishing to invest in the zone, especially green industries and renewable energy projects.
