SEZD signed 70 usufruct agree­ments in 2018

Muscat Daily - - FRONT PAGE -

The num­ber of com­pa­nies reg­is­tered with SEZD in­creased to 186 in 2018, seven­teen more com­pared to the 2017 fig­ures

Mus­cat – The num­ber of usufruct agree­ments signed by the com­pa­nies with the Spe­cial Eco­nomic Zone in Duqm (SEZD) reached 70 deals in 2018. The agree­ments cov­ered sec­tors such as in­dus­trial, res­i­den­tial and com­mer­cial, lo­gis­tics, tourism and fish­eries ac­tiv­i­ties in Duqm.

The num­ber of com­pa­nies reg­is­tered at the com­mer­cial regis­ter of SEZD in­creased to 186 in 2018, a rise of 17 com­pa­nies com­pared to 2017 fig­ures, ac­cord­ing to a re­cent re­port pub- lished by the investors ser­vices divi­sion of SEZD.

SEZD has cre­ated 775 new jobs over the past one year. Dr Is­mail bin Ahmed al Balushi, deputy CEO of the Spe­cial Eco­nomic Zone Au­thor­ity at Duqm (SEZAD) said that the high qual­ity in­fra­struc­ture in SEZD en­cour­ages many investors to in­vest. He added that the port re­lated projects are in the fi­nal stage and Duqm port will start full op­er­a­tions in 2020.

Balushi pointed out that 90 per cent of the port re­lated projects, pro­tec­tion works, dam, dis­charge channels, road and other works have already been com­pleted and the full in­fra­struc­ture will be com­pleted by the end of this year.

On the progress of works at China-Oman In­dus­trial City in Duqm, which is ex­pected to cross US$10bn in­vest­ment by 2022, Balushi said that after sign­ing the agree­ment, a team has been formed to su­per­vise the project di­rectly.

The deputy gen­eral man­ager of Oman Wan­fang pointed out that con­struc­tion works are un­der­way in two build­ings for China-Oman In­dus­trial City and the com­pany has com­pleted the lay­outs and de­signs of the city.

Eng Hashim al Ibrahim, di­rec­tor of com­mer­cial ser­vices at Port of Duqm, said that the port re­ceived more than 500 ves­sels dur­ing 2018 and reg­is­tered a 20 per cent growth com­pared to the pre­vi­ous year.

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