‘Invest in Duqm’ roadshow in Mumbai

MUSCAT, Sept 25 – The Special Economic Zone Authority in Duqm (SEZAD) launched its ‘Invest in Duqm’ promotional campaign in Mumbai on Monday at the start of a weeklong roadshow at key locations in India.
Investors and representatives from key economic and industrial sectors have been invited to attended the event, which showcases investment opportunities at Duqm, as well as the business friendly regulatory environment in place at the SEZ, the advantageous geographical location of Duqm, and incentives offered to investors.
The promotional campaign comes on the heels of the successful roadshow organized by SEZAD in China earlier in this month.
This time around, the roadshow will be staged in Mumbai and New Delhi with the aim of attracting large Indian players to set up operations in Duqm.
Mubarak bin Hamad al Hinai, Oman’s Consul-General in Mumbai, described Oman-India trade and economic ties as robust.
Ninad Karpe, Chairman of the Confederation of India Industry (CII), affirmed the body’s support for initiatives that would help Indian companies invest in Duqm.
Lee Chee Khian, Chief Executive Officer of SEZAD, invited Indian businessmen and companies to explore the investment opportunities available in Duqm.
Speaking at the Mumbai event, he said: “Our meeting today is a real opportunity to explore investment opportunities in SEZAD. The strategic location and political stability in Oman makes it a major hub for trade and industry in the region. Duqm’s proximity to Asian and African markets and its location abutting international shipping lanes offer many investment opportunities for international companies.”
Ali Shah, Chairman of Oman Wanfang, gave an overview of the consortium’s plans to set up a Sino-Oman Industrial City at the SEZ. Addressing the roadshow, he voiced hope that Indian investors would consider developing a similar hub in Duqm. He noted in this regard the cooperation received from SEZAD in attracting foreign capital into the SEZ.
Faisal al Hinai, Head of Industrial Investment Promotion at the Public Authority for Investment Promotion & Export Development (Ithraa), highlighted the positive investment climate prevailing in the Sultanate.
There were also presentations by Duqm Port, Oman Dry-dock Company and Oman Oil Company.
A number of bilateral meetings were also held on the sidelines of the event.