China plans industrial city in Duqm

Business Saturday 21/May/2016 15:33 PM
By: Times News Service
China plans industrial city in Duqm

Muscat: A usufruct agreement will be signed to establish a major industrial city in Duqm, which is expected to attract as much as $10 billion worth in investments by 2022.
The agreement for the China-Oman Industrial City in Duqm will be signed by the Special Economic Zone Authority at Duqm with Chinese agencies on Monday in Muscat.
Wang Yong, State Councillor of China will begin a two-day visit to the Sultanate on Sunday.
The high-level Chinese delegation will visit Duqm on Tuesday, along with their Omani counterparts.
The Chinese guests will meet Fahd bin Mahmoud Al Said, deputy prime minister for the Council of Ministers and officials in the Sultanate.
Yahya bin Said Al Jabri, chairman of the Special Economic Zone Authority of Duqm (Sezad), will lead the welcoming party for the guests upon their arrival at Muscat International Airport.
The Chinese State Councillor will be accompanied by a senior delegation comprising officials of some Chinese companies, who will conduct official meetings with Al Said, Dr. Ahmed bin Mohammed Al Futaisi, minister of Transport and Communications and Sayyid Badr bin Hamad bin Hamoud Al Busaidi, secretary general of the Foreign Ministry.