OMR 50 million to be invested in Duqm free Zone

Business Sunday 29/November/2020 14:21 PM
By: Times News Service

Muscat: The tender for the development, management and operation of a multipurpose fishing port at the Special Economic Zones at Duqm was awarded to a strategic alliance of Oman and international companies by the Public Authority for Special Economic Zones and Free Zones (Opaz), represented by the Special Economic Zone at Duqm (Sezad).

The consortium is led by Fisheries Development Oman (FDO), a state-owned group supervised by Oman Investment Fund. Together with FDO, the winning alliance includes Al Wusta Fisheries Company, Oman Food Investment Holding Company, Oman Fisheries Company and Port of Duqm along with Lorient Keroman SEM which manages one of the major fishing ports in Europe.

The companies will invest an amount of OMR50 million to develop, manage and operate the multipurpose fishing port, with the potential of expanding the facilities and services to include several operational and services aspects.

The agreement stipulates that the winning alliance pays 15 per cent of the annual net profits to the authority for the management and operation of the port starting from the beginning of the third year from signing the agreement.
The alliance shall also commit to include all related contracts signed in the future a provision for assigning 10 per cent of the works to SMEs and commit to Omanisation percentage as set forth in the laws of the Ministry of Labour and the Regulation of the Special Economic Zone at Duqm.

Hereby the agreement which extends for 28 years, the alliance will be evaluated based on performance indicators in light of the action plan provided within the bids of the land usufruct and the agreement for the development, management and operation of the port signed with the Opaz to achieve the set objectives of the project.

The multipurpose fishing port is 10 metres deep and works are currently progressing to connect it to the road network and services facilities. It also includes main breakwater which is 2.2km long and secondary breakwater 1.1km long and the total lengths of the jetties are around 1.2km long, while the area allocated for the services facilities is 248,931 square metres. The port is also equipped with tourism berth, stretching over 75,000 square metres that will provide its services for tourism ships within the plan of the projects.

As for the facilities complementing the multipurpose fishing port, it includes fisheries and food processing complex connected to the main road and internal roads, which are 5.2km long. The port will shortly provide its services to local fishermen, commercial fishing ships, livestock ships and ships designated for transporting foodstuff in addition to some tourism facilities and other services facilities.

It is worth noting that the multipurpose fishing port is one of the key projects of the Special Economic Zone at Duqm that seeks to enhance the zone’s capacity to take advantage of the fisheries available in the zone and the surrounding areas and utilise the distinctive location of Duqm in general at the Arabian Sea.

The fisheries complex of the port will further enhance the use of Duqm Airport services through the air fright terminal, promote re-export sector, create job opportunities and contribute in activating fisheries sector in the Sultanate with the objective of diversifying the economy, enhancing food safety, transferring modern global technologies to the Sultanate and creating added value to fisheries.