Oman: SEZAD inks $200m roads, infrastructure deal
SEZAD signed the $200.2m deal with Kuwait-based Gulf United Construction to build roads, infrastructure facilities and buildings at Port of Duqm
Oman's Special Economic Zone Authority at Duqm (Sezad) has signed a $200.2m (OMR77.1m) agreement with Kuwait-based Gulf United Construction to build roads, infrastructure facilities and buildings at Port of Duqm.
The deal includes the construction of roads, infrastructure and buildings at the commercial pre-gate, gates and inspection zone, trucks registration building and other buildings specialised for the commercial zone at Duqm Port, the Times of Oman reported.
According to a release from the port, the construction work will be completed within three years.
Yahyabin Said bin Abdullah Al Jabri, chairman of Sezad, signed the agreement with Khalid Salah Farahat, general manager of Gulf United Construction - who will carry out the works.
Speaking after the signing, Al Jabri, said: "The agreement on carrying out the third package of Duqm port asserts the government's commitment to complete the Duqm port projet, and the implementation of many infrastructure projects that have been previously approved in the Special Economic Zone Authority at Duqm.
"Duqm port is one of the most important drivers for the Sezad. It is a multifunctional strategic port that aims to support the economic diversification efforts exerted by the Omani government.
"The port is distinguished by its strategic geographic location close to the international shipping lines, as well as the African and Asian markets.
"It can also attract companies due to the quality infrastructure projects it entertains and the advantages provided by the Sezad investors at the zone."
Duqm authority has signed an agreement for carrying out the fourth package of Duqm port related to the infrastructure of the governmental pier, the Times of Oman concluded.