Duqm zone usufruct deals hit 70

The number of usufruct agreements signed by the Special Economic Zone in Duqm (SEZD) in  2018 increased to 70, according to a report.

The agreements covered a number of sectors, such as industrial, residential and commercial, logistics, tourism and fisheries activities. 

The number of companies registered at the Commercial Register of the SEZD increased to 186, an increase by 17 companies compared to 2017, an Oman News Agency report quoting a recent report published by the Investors Services Division at the SEZD.

The "Economic Vision" programme aired by Oman TV pointed out in a recent report that over the past year, SEZD has created 775 jobs. It added that Duqm Refinery Company has initiated the construction works for the three packages. The contracts were distributed to three contractors due to the big size of the project and to ensure speedy delivery. 

The company has completed the feasibility study for a petrochemical project and it is now in the initial engineering works stage before floating the project tender.

The tourism activity in Duqm Hotel picked up by 15 per cent in 2018 due to the operation of Duqm Airport in the same year.

Dr  Ismail bin Ahmed Al-Balushi, Deputy CEO of the Special Economic Zone Authority in Duqm (Sezad) said in statements to Economic Vision programme that the high-quality infrastructure in the zone encourages many investors to invest. 

He added that the port-related projects are in the final stage and that in 2020, Duqm Port will start ....

read more from tradearabia.com