TOTAL INVESTMENTS IN DUQM SEZ REACHES RO2BN

MUSCAT: The total current investments in Special Economic Zone of Duqm are estimated at RO2bn, including RO1.7bn as government investments in infrastructure and about RO300mn as local private sector investments, according to an Oman News Agency report.

The Special Economic Zone Authority at Duqm (SEZAD) seeks to reach local businessmen and businesswomen in the various governorates of the sultanate and meet with them and encourage them to invest in the zone, as part of its plan to increase domestic investments and encourage businesspersons to localise their projects in the country.

SEZAD will organise an orientation seminar on Monday at Oman Chamber of Commerce and Industry (OCCI), Khasab branch in the Governorate of Musandam on the zone as part of its efforts to familiarise local investors with investment opportunities available in the zone. The seminar is part of a program organised by SEZAD, in cooperation with OCCI. The program covers all governorates and will continue until next August.

The seminar, to be held under the patronage of Sayyid Khalifa bin al Murdas al Busaidi, governor of Musandam, will include a number of presentations that review the available investment opportunities in Special Economic Zone of Duqm, the major completed projects, incentives and facilities offered to investors.

The seminar also addresses the services rendered by SEZAD one-stop-station, which provides various investment applications, the completion of various applications and obtaining licenses required for practicing commercial, tourist and industrial activities.

Last week, the zone hosted a delegation from the State Council, headed by Dr. Yahya bin Mahfoudh al Manthri, chairman of the State Council. The delegation was briefed on the implemented projects and toured a number of sites in the zone.

SOURCE: MUSCAT DAILY