Opportunities for investment within the Duqm SEZ are both abundant and varied. While the SEZ Authority of Duqm (SEZAD) oversees the development and management of the Special Economic Zone, oversight of some economic activities falls within the remit of the Port of Duqm Company. Here’s a sampling of some of the key investment opportunities available within the SEZ:
Situated to the far north of Duqm SEZ is the Industrial Zone divided further into separate clusters for light and heavy industry, refining and petrochemicals, services, and so on. Among the first ventures to get underway in the Industrial Zone will be a major export refinery with a capacity to process 230,000 barrels per day of heavy crudes. A petrochemicals complex is envisioned in later stages of this project. Feedstock imports and exports of the finished products will be handled via the Port of Duqm, underlining the maritime gateway’s pivotal place in the success of the SEZ.
Carved out of the SEZ is a Tourism Zone encompassing seafront tracts that include pristine, white-sand beaches. This area has been earmarked for hotels and resorts catering to investors, business executives and tourists. A number of hotel ventures are already in various stages of development. The most prestigious of these, Crowne Plaza Duqm, is due to shortly open its doors to guests.
Abundant fisheries and marine resources along al Wusta Government coast make Duqm an ideal location for fish-processing, aquaculture, and related activities. Accordingly, ample land for a dedicated Fisheries Zone has been set aside just south of the port. This zone will abut a major fishery harbour catering both to traditional fishing boats and industrial trawlers.
Extensive surveys of the vast al Wusta Government of Oman have unearthed evidence of prodigious quantities of minerals located within a radius of around 300 kilometers of Duqm Port. Mineral deposits such as limestone, silica sand, laterite, basalt, solar salt, and so on, are available in commercial quantities. These deposits can be mined, processed and exported out of Duqm Port, thereby adding value to the Sultanate’s natural resources.