Media

His Excellency Dr. Ali Masoud Al-Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), expressed gratitude for His Majesty Sultan Haitham bin Tarik’s interest in the projects being carried out at the Special Economic Zone in Duqm (SEZAD).

His Excellency said in a statement to the Oman News Agency: The visit of His Majesty the Sultan and his brother, His Highness the State of Kuwait Emir, to the Special Economic Zone at Duqm is source of great honor for all workers in SEZAD.

His Excellency added: Duqm Refinery is a leading strategic join venture in the petroleum sector between the Sultanate of Oman and the sisterly State of Kuwait. The project testifies to the join efforts made to increase the added value of the manufacturing industries and offers new investment opportunities for SMEs enterprises in Duqm. He underscored the importance of the strategic partnership between the two countries in the establishment of the Duqm Refinery and its strategic location close to the Asian and African markets, which gives it a comparative advantage.

“ SEZAD puts the Sultanate of Oman’s plans for economic and social development in line with “Oman Vision 2040” into action, boosts the economy in the governorates and increases the private sector’s contribution to the national economy”. he explained. SEZAD’s infrastructure, such as the Port of Duqm, Duqm Airport, the multi-purpose fishing port, and other road and main infrastructure projects, will give benefits to the investors.

H.E. emphasized the variety of investments made in OPAZ affiliated zones as well as SEZAD. He heighted that the amount of investments in the economic, free, and industrial zones totaled roughly RO 17 billion, of which RO 4.2 billion was in SEZAD. This indicates the interest of foreign and local businesses in making investments in the Sultanate of Oman as well as the efforts made to draw in capital.