70 usufruct pacts inked in SEZD

Oman Daily Observer - - FRONT PAGE -

MUS­CAT: The num­ber of usufruct agree­ments signed in 2018 in­creased to 70. The agree­ments cov­ered a num­ber of sec­tors such as in­dus­trial, res­i­den­tial and com­mer­cial, lo­gis­tics, tourism and fish­eries ac­tiv­i­ties.

The num­ber of com­pa­nies reg­is­tered at the Com­mer­cial Regis­ter of the Spe­cial Eco­nomic Zone in Duqm (SEZD) in­creased to 186 com­pa­nies, an in­crease by 17 com­pa­nies com­pared to 2017, ac­cord­ing to a re­cent re­port pub­lished by the Investors Ser­vices Divi­sion at the SEZD.

The ‘Eco­nomic Vi­sion’ pro­gramme pointed out in a re­cent re­port that over the past year SEZD has cre­ated 775 jobs. It added that Duqm Re­fin­ery Com­pany has ini­ti­ated the con­struc­tion works for the three pack­ages.

The con­tracts were dis­trib­uted to three con­trac­tors due to the big size of the project and to en­sure speed delivery. The com­pany has com­pleted the fea­si­bil­ity study for the petro­chem­i­cal project and it is now in the ini­tial en­gi­neer­ing works stage be­fore float­ing the project ten­der.

The tourism ac­tiv­ity in Duqm Ho­tel picked up by 15 per cent in 2018 due to the op­er­a­tion of Duqm Air­port in the same year.

Dr Is­mail bin Ahmed al Balushi, Deputy CEO of the Spe­cial Eco­nomic Zone Au­thor­ity in Duqm (SEZAD), said in state­ments to Eco­nomic Vi­sion pro­gramme that the high qual­ity in­fra­struc­ture in the zone en­cour­ages many investors to in­vest. He added that the port-re­lated projects are in the fi­nal stage and that in 2020, Duqm Port will start full op­er­a­tion.

As for the in­fra­struc­ture, he pointed out that 90 per cent of the port-re­lated projects, pro­tec­tion works, the dam, the dis­charge channels, road and oth­ers have been already com­pleted and that by the end of 2019, the in­fra­struc­ture will be com­pleted.

As for the progress of works in the Sino-oman In­dus­trial City in Duqm, which is ex­pected to cross $10 bil­lion by 2022, he said that after sign­ing the agree­ment with the Chi­nese in­vestor, a team has been formed to fol­low up and su­per­vise the project di­rectly.

Said bin Hamoud al Maawali, CEO of Oman Dry­dock Com­pany, said in a state­ment that the com­pany achieved the best fi­nan­cial performance in 2018, thanks to the in­crease in the num­ber of ves­sels by 30 or 29 per cent com­pared to 2017. He pointed out that new coun­tries, such as India and Tur­key, joined the list of ben­e­fi­cia­ries from our ser­vices pro­vided by the Dry­dock.

He added that the Dry­dock can re­ceive up to 200 ves­sels per an­num with ex­pan­sion plans in the pipe­line to in­crease the ca­pac­ity be­yond 200 ves­sels. He noted that Oman Dry­dock Com­pany has of­fered 56 in­vest­ment op­por­tu­ni­ties for lo­cal investors at the Dry­dock in July 2018.

Hashim al Ibrahim, Di­rec­tor of Com­mer­cial Ser­vices at Duqm Port, said that the port has re­ceived more than 500 ves­sels dur­ing 2018 to regis­ter a growth by 20 per cent com­pared to 2017.

The Deputy Gen­eral Man­ager of Oman Wan­fang pointed out that con­struc­tion works are un­der­way in two build­ings for the Sino-oman In­dus­trial City in Duqm and that the com­pany has com­pleted the lay­outs and de­signs of the city. He added that the costs in­curred as of this date stand at about RO 8 mil­lion.

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