French four to set up in Duqm
French Syndicate to tackle business opportunities jointly
Four leading French companies are to set up in Duqm, in Oman.
CMA CGM, EDF Renewables, FIVES and SUEZ have announced the creation of the French Business Syndicate to assess investment possibilities in each of their respective fields of operation.
In particular, the French Syndicate showed interest in a global approach to cement factory ecosystems and related facilities.
Yahya al-Jabri, Special Economic Zone Authority of Duqm (SEZAD) chairman said the agreement reached by the four companies to study investment opportunities in the zone is in line with the aspirations of the Authority to diversify investments in the economic zone.
“There are direct and indirect economic gains to cover SEZAD and Ithraa strategic goal of boosting the local economy as well as tightening business ties between both countries,” said Renaud Salins, French Ambassador to the Sultanate.