Industrial projects worth $29bn to be developed in Oman’s Duqm
Industrial projects worth $29.1bn have been granted usufruct rights in Oman’s Special Economic Zone in Duqm (SEZD)
The value of industrial projects with usufruct rights in Oman’s Special Economic Zone in Duqm (SEZD) has been estimated at around $29.1bn (OMR11.2bn), as of the start of 2018.
These include the $16.9bn (OMR6.5bn) Duqm Refinery and Petrochemical Industries Complex, the $10.7bn (OMR4.1bn) Omani-Chinese Industrial City in Duqm, and two cement plants.
One of the plants is being built by Al Wusta at a cost of $688.3m (OMR265m), while the other is a $441.6m (OMR170m) project being developed by Duqm Cement Projects Company, state-run Oman News Agency (ONA) reported, citing Duqm Economist.
The Special Economic Zone Authority at Duqm is said to have allocated 177.5km2 for not only medium and heavy industrial projects, but also projects related to energy, renewable energy, railway, and fish processing.