Chinese building material facility in Duqm to be ready in 2019
Chinese firms are building a major distribution facility for building materials in Duqm, Oman. The facility will be ready by the middle of 2019.
Chinese firms are building a major distribution facility for building materials in Duqm, Oman. The facility will be ready by mid-2019.The building material distribution centre is coming up in an area of 500,000m2 and is being developed by Ningxia Ningqiao Commercial Investment and Operation Ltd. with an estimated investment of $46m.
According to Times of Oman, the Chinese company had signed a land lease agreement with Oman Wanfang in April this year for establishing the facility.
Ali Shah, chairman of Oman Wanfang, said: “We do not have a very big building material distribution in the region. And this (Duqm facility) will support the regional development. Build material will be imported from China and other countries.”
Shah said the proposed building material distribution centre will provide everything (for the construction sector), from steel bar to furniture.
Oman Wanfang, which is a consortium of six Chinese private firms, will develop, manage and attract direct foreign investment from China for the development of light, medium and heavy industries and tourism projects.