Pacts signed for RO 133m investments in Duqm SEZ

commercial complex in the first phase, freehold ownership apartments in Phase 2, and a school, water park and other attractions in subsequent phases.

The second agreement centres on the establishment of Al Shomookh Mining Industries Complex, which is an integrated mineral processing hub set on an area of 250,000 square metres within the Heavy Industrial Zone of the SEZ.

The complex, to be developed over several stages, will house a total of seven project at a total cost of about RO 95 million. It will include the construction of a clinker plant and lime production facility in the first phase, followed by a paints factory, glass manufacturing facility, waste container manufacturing factory, and an aluminium fabrication plan in the second phase. A fertiliser scheme is envisioned in the third phase.

Ahmed bin Zayed Almahrami, Chairman of Bin Zayed International Investment Group and Al-shomookh Mining Industries Company, signed the agreements on behalf of the two companies.

Separately, Duqm Quarries Company signed memorandums of understanding (Mous) with Bin Zayed Investment Group and Al Shomookh Mining Industries Company for the supply of limestone and dolomite for the mining complex. Duqm Quarries Company was represented by Eng Ali bin Abdullah al Zadjali, General-manager, while Ahmed bin Zayed al Mahrami, Chairperson, signed on behalf of Bin Zayed International Investment Group and Alshomookh Mining Industries Company.

Duqm Quarries Company will also supply gravel, sand and other construction materials for the Duqm Commercial and Tourism Gate development.