Media

SEZAD has been able to attract a diverse range of projects across multiple economic sectors due to the numerus investment advantages SEZAD enjoys, such as its strategic position, the incentives provided by the Public Authority for Economic Zones and Free Zones (OPAZ) to investors, and its excellent infrastructure.

His Excellency Eng. Ahmed bin Hassan Al Deeb, OPAZ Deputy Chairman explained that there are so many indicators speak for the promising future of  SEZAD and its potential as a worldwide investment destination that promotes economic diversity.

In a statement to the Oman News Agency, His Excellency stated: "SEZAD has drawn high-quality projects, such as the Duqm Refinery, and the zone has been able to secure fresh investments by drawing a variety of projects in the fields of renewable energy, green industries, and fish industries."

His Excellency went on to say that the investment map shows the variety of nationalities that have invested in zone indicating SEZAD’s appeal to different types of investments, including those in the commercial, industrial, tourism, logistics, real estate development, renewable energy, green, and other industries.

His Excellency noted the continuous efforts made by OPAZ to raise SEZAD's level of competitiveness, achieve its objectives of economic diversification, and attract a number of significant  projects.

SEZAD has an integrated infrastructure, including the road network that spans many investment zones, Duqm Port, Multipurpose Fishing Port, Duqm Airport, and Dry Dock for Ship Repair, that encourages investments, he emphasized, as enabling and supporting industries for the expansion of investments, tourism, communications, and IT sectors have also seen significant investments in recent years.

As a result of OPAZ’s marketing and promotional efforts, investment indicators showed steady progress and growth. According to statistics, there are currently 1.8 billion Omani riyals worth of investment projects under construction in SEZAD, bringing the total amount of investments in Duqm to 6 billion Omani riyals, including 4.2 billion Omani riyals for existing projects. Additionally, there are other major projects pending announcement with the Authority and other government agencies in the near future, he added.

His Excellency stressed that the number of investments in SEZAD is likely to rise in the coming years with the increase in the number of projects wishing to invest in the zone, especially green industries and renewable energy projects.