RO 70 million Duqm zone pact signed
March 10, 2014
Yahya bin Saeed al Jabri, Chairman of the Special Economic Zone Authority at Duqm (SEZAD), signed an agreement granting the right of use and development of land to a local investor with the aim of setting up an investment, tourist, commercial and residential project. The project comprises a commercial centre, hotel apartments and a golf course at a total cost of RO 70 million. \\'Al Madina Real Estate (SAOC) was awarded a tourist, commercial and residential land of 523,271 square metres worth RO 70 million,\\' said Salih bin Hamoud al Hasni, Director of investors services at SEZAD, adding that the project is expected to generate around 1,000 jobs for Omani youth in addition to ancillary jobs that will be available in associated projects. The project will be constructed in four phases and work is expected to begin soon.
The Duqm SEZ is a model of an integrated economic development composed of 8 zones with a land area of more than, 1777 km2 which represent 16% of Duqm city.
The master plan has designated a land area of 23 square km for the new Town of Duqm to accommodate an estimated population of 67000 inhabitants by 2020,. Extra care has been taken in developing the urban plans for this new town to ensure that it reflects an authentic identity and sensitivity for its cultural and natural setting, enjoys good infrastructure, social and cultural services and amenities, has ample green spaces, play grounds and plazas, and provide opportunities for a wide range of residential dwellings, labour accommodation, office space and commercial outlets.
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