SEZD signed 70 usufruct agreements in 2018
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.