Sezad signs land lease pact with two companies

Muscat: Yahya bin Said bin Abdullah Al Jabri, Chairperson of the Special Economic Zone Authority in Duqm (Sezad), signed two usufruct (land lease) and development agreements with companies.
The first agreement was to develop a commercial, tourism, educational, and recreational complex in three phases with Bin Zayed International Investment Group on Sunday.
The second pact was with Al Shomookh Mining Industries Company, which plans to implement seven industrial projects in several stages in the heavy industries zone in the Special Economic Zone in Duqm (SEZD). These projects would provide 2,000 jobs.
Ahmed bin Zayed Al Mahrami, Chairman of Bin Zayed International Investment Group and Al Shomookh Mining Industries Company, signed both agreements on behalf of the companies in the presence of Dr Ahmed bin Mohammed Al Futaisi, Minister of Transport and Communications, and a number of officials and businesspeople at the Kempinski Hotel Wave Muscat.

Duqm Gate
Sezad allocated 500,000 square metres for the Duqm Commercial Tourist Gate project in the tourism zone on Duqm coast. The OMR38 million project, to be implemented in several phases, includes a commercial complex in the first phase, followed by the freehold apartments project in the second phase and the construction of a water park and school in the third phase.

Al Shomookh Mining
The Al Shomookh Mining Industries Complex is an integrated mining complex for which Sezad has allocated 250,000 square metres of land with an investment cost of OMR95 million. Al Shomookh Mining will implement the project in several stages, with the construction of a clinker plant and a lime production plant in the first phase.
In the second phase, the company will build a paint factory, a glass factory, a waste container manufacturing plant and an aluminium factory, and in the third phase, the company will set up a fertilizer plant.
Duqm Quarries Company signed memorandums of understanding (MoUs) with Bin Zayed Investment Group and Al Shomookh Mining Industries Company. Eng Ali bin Abdullah Al Zidjali, General Manager, signed the MoUs on behalf of Duqm Quarries Company, while Al Mahrami signed the MoUs on behalf of both companies.
Under the MoUs, Duqm Quarries Company will supply raw materials of limestone and dolomite stone for the factories scheduled in the mining complex. Duqm Quarries Company will also supply the Duqm Commercial and Tourism Gate project with raw materials, such as gravel, sand and some materials used in the construction stages of the project.