Sultanate eyes Japanese investments in Duqm

TOKYO: The Special Economic Zone Authority of Duqm (SEZAD) kicked off its road-show in Japanese capital on Monday, aimed at attracting Japanese investment to Oman’s biggest industrial and maritime hub overlooking the Arabian Sea. Yahya bin Saeed al Jabri, Chairman of the SEZAD, is leading the Omani delegation, which includes representatives of the Omani Authority for Investment Promotion and Export Development (Ithraa), Port of Duqm, and Oman Dry-Dock Company, among other entities.

“The strategic location and political stability of Oman makes it an economic and investment hub in the region, with Duqm abutting sea-lanes that serve markets in Gulf, Asia and Africa,” said Al Jabri at the ‘Invest in Duqm’ seminar held as part of the road-show. He added that the Sultanate has achieved strong growth over the past years due to incentives provided by the government to investors as well as to developers of infrastructure projects. As well as simplifying procedures, providing incentives and encouraging investment policies, Oman is also a member of a number of international economic organisations and trade conventions, he noted.

The ‘Invest in Duqm’ seminar, Al Jabri said, showcases a full spectrum of investment opportunities offered at the SEZ. He invited Japanese businesses to make the most of the road-show to explore avenues to expanding trade, economic and political ties between the two countries. “The future is promising and investors — whether domestic or foreign — will benefit greatly from the investment incentives offered by the Omani government,” the chairman said. Tokyo is the first stop in the four-day-long road-show. The delegation will also visit Osaka City and tour a number of sites for a first-hand look at Japanese expertise, as well as explore opportunities for collaborations.