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)

Industrial projects worth $29.1bn have been granted usufruct rights in Omans SEZD [image: ONA].
Industrial projects worth $29.1bn have been granted usufruct rights in Omans SEZD [image: ONA].

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.

READ: Construction begins on Oman’s $7bn A'Duqm Refinery project

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.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020