DUQM: Oman Development Company for the Special Economic Zone at Duqm (Tatweer) announced that its asset portfolio has grown to approximately RO 1.2 billion by the end of 2024.
Tatweer, the executive and investment arm of the Public Authority for Special Economic Zones and Free Zones, manages a wide range of public assets and facilities across Duqm. These include wastewater treatment plants, main and secondary road projects, public amenities, dams, drainage channels, parks, and administrative buildings. The company also oversees the operation, maintenance, and sustainability of key infrastructure such as Duqm Port, Duqm Airport, the dry dock, the government wharf, among other projects.
Eng Abdullah bin Sulaiman al Wahaibi, CEO of Tatweer, said the company has played a crucial role in enhancing the investment environment at the Special Economic Zone at Duqm (SEZD) through the development of strategic projects and high-quality infrastructure over the past years.
He noted that Tatweer has successfully completed more than 46 projects over the past five years and internally managed an additional seven projects, resulting in savings of over RO 12 million. "This achievement reflects the company's technical expertise, led by skilled Omani professionals, as well as its operational efficiency and adherence to governance standards," he said.
Among Tatweer's major undertakings is the development of road infrastructure in Duqm, with road projects alone valued at around RO 210.4 million. Last year, the company completed several phases of the dualisation of Southern National Road No. 32 (Sultan Said bin Taimur Road), improving traffic flow and supporting the growing investment activity in the zone.
Looking ahead, 2025 will see the completion of several key infrastructure projects, including the internal road network, drainage systems, and sewage networks in the Say commercial district, as well as the second phase of the dualization of National Road No. 32 and the dualization of the road linking Duqm Airport to Ras Markaz.
Eng Al Wahaibi stressed Tatweer’s focus on enabling investment and maximizing economic returns. The company supports the business environment by forming strategic partnerships with companies and investment funds, targeting joint investments in enabling and economically sustainable ventures. Tatweer also assists project developers in selecting sites, registering companies, securing approvals and licenses, and accessing financing through local banks and funds.
Highlighting Tatweer’s recent investment initiatives, Al Wahaibi said the company holds a 15% stake in Imdad Logistics, a strategic logistics provider in Duqm. Tatweer also invested in the Duqm Materials Market, another project where it holds a 15% stake. Since its opening last year, the market has seen strong uptake from local, regional, and international companies.
Tatweer also achieved a milestone by selling its stake in Duqm Quarries Company, generating a return of over RO 1.8 million. Al Wahaibi said the company plans to build on this success by expanding investments in promising sectors such as logistics and industry, following a model that balances profitability with developmental impact.
Future plans include the establishment of the Duqm Central Fish Market and a specialized abalone farming project to support the fisheries sector. In addition, Tatweer aims to launch projects across tourism, real estate development, entertainment, retail, commercial services, and green energy sectors. A new integrated residential complex is also planned to enhance the quality of life in Duqm.
Al Wahaibi emphasized that Tatweer has transitioned to a flexible, performance-based, fee-driven business model, moving away from a cost-recovery approach. This new model aims to grow the company’s revenues by expanding its service offerings to investors in the Special Economic Zone at Duqm.
— ONA
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