Sezad woos US businesses to invest in energy sector in Duqm
Times News Service
MUSCAT: A promotional campaign for the Special Economic Zone in Duqm (Sezad) is urging international companies and investors in Houston, USA, to invest in the oil and gas sector in Duqm.
Yahya Bin Saeed Al Jabri, Chairman of the Special Economic Zone Authority in Duqm (Sezad), said, during in a speech at an investment seminar held in Houston, that the authority seeks to diversify its investments and attract international companies operating in the oil and gas sector.
In his speech, Al Jabri expressed his hope to establish partnerships and joint ventures between the business community in the Sultanate and Houston.
The event was attended by representatives of more than 70 companies, most of whom invest in the oil and gas sector in the USA.
The promotional campaign aims at informing international companies operating in the oil and gas sector in America about the possibilities available in the Special Economic Zone in Duqm (SEZD), which includes a variety of investment opportunities, including the Duqm Refinery and Petrochemical Industries Complex, to be operated by the Duqm Refinery Company. Also, Sezad is working to promote the region, in a bid to attract more international companies to invest in it.
Al Jabri praised the economic relations between the Sultanate and the USA, noting that the US established trade relations with Oman as early as during the years following the independence of the United States.