DUQM: The Special Economic Zone at Duqm (SEZAD) has emerged as a prime investment hub, attracting a staggering RO 6 billion in diversified projects across various economic sectors. The region's numerous investment advantages, such as its strategic geographic location, incentives provided by the Public Authority for Special Economic Zones and Free Zones (OPAZ) , and robust infrastructure, have played a significant role in this achievement.
Eng Ahmed bin Hassan al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones, highlighted the promising future of the region, stating that it has the potential to become a global investment destination and contribute positively to economic diversification.
Notably, Duqm Special Economic Zone has successfully drawn high-quality projects, including the Duqm Refinery. Moreover, the zone has achieved new investments in renewable energy, green industries, and aquaculture sectors.
The investment map demonstrates the zone's appeal to investors of diverse nationalities, encompassing industrial, commercial, tourist, logistics, real estate development, renewable energy, green industries, and other sectors.
The Public Authority for Special Economic Zones and Free Zones, committed to enhancing the competitiveness of Al Duqm Special Economic Zone, has been instrumental in attracting a multitude of major projects.
Al Dheeb emphasised that Duqm Special Economic Zone boasts a comprehensive and stimulative infrastructure, encompassing Duqm Port, dry dock facilities for ship repair, Duqm Airport, a versatile fishing port, and a well-connected road network that spans various investment areas. Over the years, significant investments have also been witnessed in the tourism, telecommunications, and information technology sectors, as they serve as foundations for investment growth.
Due to proactive marketing and promotional efforts by the Public Authority for Special Economic Zones and Free Zones, investment indicators have showcased continual progress and consecutive growth. Presently, there are ongoing investment projects in the zone, totaling approximately RO 1.8 billion in cost. This raises the cumulative investment volume in Duqm to an impressive RO 6 billion, with RO 4.2 billion attributed to existing projects. Moreover, the authority is currently negotiating several other substantial projects with government entities, which are expected to be announced in the near future.
Al Dheeb expressed confidence that the investment volume in Al Duqm Special Economic Zone will continue to surge in the upcoming years, driven by an increasing number of projects expressing interest in the zone, particularly in the realms of green industries and renewable energy. — ONA
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