SEZAD chief urges Chinese investors, businessmen to invest in Duqm

JINAN (CHINA): The promotional campaign for Al Duqm kicked on Monday at Jinan City in the People’s Republic of China, which will last several days with the participation of a number of companies operating in the Special Economic Zone of Al Duqm (SEZAD).

The campaign comes as part of SEZAD to attract new Chinese companies to invest in Al Duqm, which is currently witnessing the establishment of a Chinese industrial city on an area of 1,172 hectares under the umbrella of Oman Wanfang.

The City of Jinan, located in Shandong Province, is a major industrial and economic centre in China.

Said al Jabri, Chairman of the Board of Directors of SEZAD, called Chinese businessmen and investors to invest in Al Duqm, referring to incentives provided by the Authority to investors.

Zhang Jing, General Manager of Chinese Wanfang, praised the investment environment in the region and said that the facilities obtained by Sino-omani Industrial City are very good. He reviewed in a presentation in the seminar projects which the city focuses on and the progress of work there, adding a number of projects designs are completed, and they have started with the project of the commercial centre, while works will start in other projects in the coming period.

It is expected that the Sino-omani industrial city will include about 35 projects at a cost of about $10.7 billion.

The promotional campaign in China, organised by SEZAD in cooperation with Oman Wanfang, to attract new investment and promotion for Al Duqm and Oman Wanfang.

The seminar highlighted infrastructure of the region, the the projects, currently being built in it and the region’s components, such as the Al Duqm Airport, the Dry Dock, Airport, Al Duqm Refinery and Ras Markaz oil storage station, and also focused on the investment climate in the region and the incentives, benefits and facilities obtained by the companies investing in Al Duqm.

Officials at SEZAD and Wan- fang confirmed in their responses to investors’ questions that the region has many encouraging elements for investment, pointing to the efforts of the two sides to accelerate the work at the Sino-omani Industrial City in Al Duqm, stressing at the same time that the Sultanate enjoys security and political stability, as well as the values enjoyed by Omani society that is open to other civilisations.

The seminar included a number of presentations by SEZAD, the Public Authority for Promotion of Investment and Export Development ‘Ithraa’, Al Duqm Port Company and Oman Dry Dock Company. — ONA