Port of Duqm signs three land lease agreements

Business Monday 26/December/2016 13:08 PM
By: Times News Service
Port of Duqm signs three land lease agreements

Muscat: Port of Duqm Company on Monday signed three agreements with Oman Engineering LLC (OEL), Gold Fish Company (GFC) and Galfar Engineering and Contracting (GES) for a 25 year land lease agreement for a total of 10.5 hectares of land in the Port of Duqm concession area. It is an important milestone in the further development of the activities of the companies.
For Port of Duqm, these agreements are very important as such companies will bring substantial amount of expertise and services in numerous fields, which can help also other investors in the port and the wider Duqm area.
Oman Engineering is 100 per cent owned by an individual investor and the company is engaged in construction, maintainance, and operation of oil and gas plant or revamping of oil and gas plants, power plants and engineering oriented environmental plants in the Sultanate.
OEL facilities comprise of new pipe fabrication shop, construction, asphalt plant, mixing concrete plant relocated and new administration building as a complex in Duqm industrial area.
“We are proud to be part of the continuous development of Duqm port. Our association with the port of Duqm will provide us the platform to develop a mega fabrication shop with state of art technology for the oil & gas sector in Oman,” said Saleh Al Habsi, chairman of Oman Engineering.
Gold Fish Company is one of the market leaders in the industry of manufacturing and exporting of steam dried fish meal and crude fish oil. The parent company of GFC having three large scale industries in India with the consumption of raw material 1000tonnes per day and production of 240 tonnes per day.
Considering the availability of raw material in Oman coast and the support from Port of Duqm Authority, GFC would like to extend the manufacturing unit in Duqm. In the initial stage, GFC will start with the plant consumption of raw material 300-500 tonnes per day and the production of more than 100 tonnes per day. Their project will benefit more for local Omani fisherman and Omanisation.
GFC team will maintain the quality that compiles with parameters put forth by the standardising organisations of national and international merit.
“Being a part of Duqm port development is one of our major goals. Our association with the port of Duqm’s strategic location will enhance us to the simplicity to export our products in the global market,” said Ibrahim Hussain, General Manager of Gold Fish Company.
Galfar Engineering and Contracting is one of the largest, multi-disciplinary engineering, contracting and construction companies in Oman.
Established in 1972, Galfar Engineering & Contracting has today grown into one of the largest construction companies in the Middle East with a turnover of over $1 billion.
“We look forward to assist Duqm Port in their continuous development and we seek to provide a platform to such contribution in Duqm development,” noted Dr. Hans Erlings, chief executive officer of Galfar Engineering and Contracting.
“Port of Duqm is proud to support all of the three companies as major private investors in Duqm. Furthermore, these projects, on a short term, are going to support the development of cutting edge technology and on the long term will be major players in supporting the port of Duqm and its stakeholders with the state of the art technology and services,” noted Reggy Vermeulen, chief executive officer of Port of Duqm
Duqm port lies officially under the management of Port of Duqm Company, a 50:50 joint venture between the Omani government and the Consortium Antwerp Port.
PDC has 3 major roles in Duqm, management and terminal operation of the port, management of all logistic zone in the direct vicinity of the port and financing, developing, managing and marketing 2000 hactres of industrial and petrochemical zone.
These zones enjoy an optimal integration with the Port of Duqm.