Friday, March 29, 2024 | Ramadan 18, 1445 H
clear sky
weather
OMAN
25°C / 25°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

RO 11.2 billion worth industrial project expected in Duqm SEZD

1320623
1320623
minus
plus

DUQM: The estimates point out that the value of industrial projects, which got the usufruct right in the Special Economic Zone in Duqm (SEZD) during the beginning of 2018, stood at about RO 11.2 billion. Duqm Economist magazine in its April issue, which was published last week, said that the key projects include Duqm Refinery and Petrochemical Industries Complex whose estimated cost is set at about RO 6.5 billion (about $17 billion) and the Omani-Chinese Industrial City in Duqm, which costs about RO 4.1 billion (about $10.7 billion), in addition to 85 industrial projects costing about RO 534.2 million.


These projects include two cement plants; the first by Al Wusta Cement at a cost of RO 265 million and the second plant by Duqm Cement Projects Company at a cost of RO 170 million.


These projects also include a RO 34.6 million worth of joint Omani-Qatari venture for manufacturing of buses, a bio-based nylon project by Sebacic Oman Company at a cost of RO 24 million for the first stage.


The list also includes a number of other industrial projects that will be set up at different parts of SEZD.


In a bid to keep pace with the growing demand from various businesses, the Special Economic Zone Authority at Duqm (SEZAD) has earmarked about 177.5 km for hosting various heavy and medium industrial projects, as well as other projects related to energy, renewable energy, railway and fish processing.


Duqm Economist magazine quoted Ismail bin Ahmed al Balushi, saying “This space will be developed in a number of phases depending on the level of turnout and growth witnessed by the zone.” He pointed out that while 73.5 square km has been allocated for heavy industries, 51.4 square km for medium industries, 23.7 square km for light industries, 7.5 square km for fishery industries and 5 square km have been allocated for renewable energy projects.


He noted that Duqm has received investments from investors from 14 countries namely the Sultanate of Oman, Kuwait, China, India, Qatar, Iran, UAE, Egypt, Iraq, Ireland, Kazakhstan, Jordan, Pakistan and Syria. — ONA


SHARE ARTICLE
arrow up
home icon