SEZAD breaks ground on Sino-Oman Industrial City
Agreements covering the development of $3.2bn worth of projects at the Sino-Oman Industrial City in Duqm were signed during the ground-breaking ceremony
The Special Economic Zone Authority in Duqm (SEZAD) has laid the foundation stone for the Sino-Oman Industrial City in Duqm.
The ground-breaking ceremony was held yesterday, during which 10 agreements were signed between Wanfang Oman and several Chinese companies.
The agreements cover the development of $3.2bn worth of projects at the industrial city, including a manufacturing facility for energy equipment with a capacity of 1,000 GW per annum; a factory for oil and gas services; a water desalination plant; a facility for bromine exploration; a power plant; a five-star hotel; a construction materials factory; a factory for 4x4 vehicles; and a factory for non-metal pipes used in oilfields.
According to Oman News Agency (ONA), SEZAD is expecting investments in the Sino-Oman Industrial City to cross $10bn by 2022.
Yahya bin Said al-Jabri, chairman of SEZAD, said that the Sino-Oman Industrial City project crowns the joint efforts between the sultanate and China through Wanfang Oman and SEZAD.
He also noted that the industrial city is an addition to the historic, political, and trade relations between the two countries.