Oman National Day: Duqm Port Attracts Foreign Investor Interest
11.18.2019 - NEWS

November 18, 2019 [Construction Week Online] – EZA chairman points to the multi-purpose port of Duqm, the Duqm Refinery, the airport, and the fishing port as key projects.

 
The chairman of Oman’s Special Economic Zone Authority (SEZA) HE Yahya bin Saeed Al Jabri shared insights on important development projects, including the heavy cargo Duqm Port, to mark Oman National Day.

According to the state-run Oman News Agency, Al Jabri pointed to Duqm Port as one of the most prominent economic zones in the world, and a crucial diversified economic destination.

The multi-purpose port of Duqm, the dry dock to repair ships, the Duqm Refinery, the airport, the fishing port, and the Ras Al-Markaz oil storage terminal are among the main infrastructure of the region that attracts investors’ interest and qualifies the region as an investment site, Al Jabri said.

Construction Week reported in May 2019 that Muscat Securities Market-listed Oman Oil Marketing Company (Oomco) had received board approval for the construction of a 30,000m3 bunker terminal at the sultanate’s Port of Duqm, with the project due to complete in 2021.

Six companies have inked agreements to conduct business with the Duqm Port in 2020, according to a Zawya report.

Al Jabri also added that SEZA is is working to establish the Duqm economic zone as one of the leading investment destinations in the Sultanate as it looks to achieve economic and social development in the Central Governorate.

————-

Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial
Click on the button and register to get instant access to actionable tank storage industry data