Oman Observer

‘Invest in Duqm’ road-show reaches Osaka

Oman’s ‘Invest in Duqm’ road-show arrived in the Japanese city of Osaka yesterday, September 12, as the Sultanate’s delegation pitched for Japanese investment and technological expertise in the development of an industrial and maritime hub at Duqm.
A seminar held in the city featured presentations by representatives of the Special Economic Zone Authority of Duqm (SEZAD), Port of Duqm, Omani Authority for Investment Promotion and Export Development (Ithraa), Oman Oil Company, and Oman DryDock Company.
“Duqm has all of the characteristics of an attractive investment destination, as underlined by its excellent geographical location overlooking the Arabian Sea and Indian Ocean, as well as first-rate infrastructure and attractive incentives as well, said Reggy Vermeulen, CEO of Port of Duqm.
The port, Vermuelen explained, is strategically located not far from international shipping lanes running East to West. He urged Japanese companies to consider using the port as a hub for their commercial operations, stressing that investors would benefit from time savings and other cost advantages.
Muhanna al Senani, Investment Promotion Officer at Ithraa, gave an overview of the investment environment in the Sultanate. Notable destinations for investment include the free zones in Sohar and Salalah ports, Al Mazyouna Free Zone, the industrial parks administered by the Public Establishment for Industrial Estates (PEIE), and Knowledge Oasis Muscat (KOM) — a zone for IT investments.
Amna al Sharji of SEZAD’s Department of Urban Planning outlined the incentives offered by the Authority to investors and projects in the region. She also gave an overview of the many projects in various stages of implementation in the SEZ, including the Sino-Oman Industrial Park, Duqm Refinery, and the bus assembly plant.