Suhool Duqm Al Mutmaiz signs land lease agreement

Suhool Duqm Al Mutmaiz signs land lease agreement

March 7, 2018 | 1:41 PM

 by Times News Service

Muscat: Suhool Duqm Al Mutmaiz has signed a sub-usufruct (land lease) agreement with Port of Duqm for a 10,800-m2 plot in the logistics zone of Port of Duqm.

It has begun construction of a temperature-controlled warehouse for storage of food products, over a 7,000-m2 area, which will be completed by mid-2018. The company plans to utilise the remaining area as an open yard for storage of oil and gas equipment.

Duqm port lies officially under the management of Port of Duqm Company, a 50:50 joint venture between the Omani government and the Consortium Antwerp Port (CAP).

Port of Duqm has three major roles in Duqm, first the management and the terminal operation of the port itself, secondly, the management of all logistic zone in the direct vicinity of the port and third is financing, developing, managing and marketing 2000ha of industrial and petrochemical zone. These zones enjoy an optimal integration with the Port of Duqm.