Renaissance signs deals for $259mn labour camp
Duqm facility in Oman will accommodate more than 16,000 workers
Oman's Renaissance Services has awarded the two main construction packages for the Duqm permanent accommodation for contractors (PAC) project at Duqm Special Economic Zone (SEZAD) to S&T and Al Hajiry.
Renaissance said the OR100mn ($259.7mn) investment for more than 16,000 residents shows the world how seriously the Sultanate takes care of blue collar workers in remote locations.
Resaissace CEO Stephen Thomas, said: “Duqm is an important part of Oman’s long-term vision, and people know how excited Renaissance Services are to get the private sector behind national ambition through the Duqm PAC. Together, we have created a commercially exciting project, which meets the tough Renaissance test: Safe, Efficient, Green and Local. Our services business is on track to double revenue and profit over the next two to three years, and the Duqm PAC project has a part to play in that growth.”
The accommodation is being provided for workers who will be based at the SEZAD beinig built around the redeveloped port at Duqm.
Renaissance is a multinational company listed on the Muscat Securities Market since 1996, primarly focused in offshore marine work and contract services such as facilities management and operations and maintenance.