Port of Duqm signs four land lease agreements

Business Saturday 13/April/2019 19:32 PM
By: Times News Service
Port of Duqm signs four land lease agreements

Muscat: Port of Duqm Company (PDC), a joint venture between the Government of Oman and the Belgian Consortium Antwerp Port, have multiple roles as a port authority, terminal operator and landlord of 3,000ha of land (port bound, logistics, liquid bulk and mineral processing land).
The ‘Logistics Land’ allocation covers an area of approximately 1,000ha which will predominantly accommodate logistics related industries who would import their goods, and at the same time construct open yards, permanent warehouse etc.
As part of the commitment in shaping the future of the logistics sector in Duqm, PDC recently signed 4 lease agreements for a total of around 70,000 square metres. The logistics land which will be leased out for 24 years.
This event was graced and presided by Reggy Vermeulen, CEO – Port of Duqm along with top officials from, Jebel Investment, 3 Dimension Engineering, Ubar Logistics and Ocean Investment.
Al Rajhi, CEO, Jebal Investment mentioned during the signing ceremony, that "This project investment is considered to build a warehousing area along with administration space to facilitate the industrial projects in Duqm."
"Our project in Duqm will provide a multipurpose warehouse facility for cold storage and open yard," said Eng. Yousuf Barhi, CEO, Three Dimension Engineering.
He also said that, "We see Duqm as one of the ideal locations for industrial investments and we are coming up with more investment plans in Duqm for the year 2020."
He thanked Hilal Al Balushi, Business Development Manager at PDC and his team for their prompt and efficient service.
Dr Ahmed Al Junaibi, CEO, Ubar Logistics and Services said that, "Our plan is to create a unique and modern warehousing cluster in Duqm to serve different industries."
Concluding the event, Reggy Vermeulen, CEO of PDC stated that, "PDC is committed to offer continuous support to its clients in setting up their projects and will aim to continue giving the best customer experience and value for this agreement."
PDC is cruising steadily and emerging as the most preferred investment destination of the region.