Duqm airport ... helping spur growth in the zone.
$2.2bn pumped into Sezad
01 April 2017
Oman’s Special Economic Zone Authority in Duqm (Sezad) last year attracted a record RO681 million ($1.76 billion) in investments for major real estate and hospitality projects, said the Oman Observer.
In contrast, industrial investments totalled around RO187.6 million ($487 million) during the year, stated the report.
However, the figure does not include potentially sizable investments likely to pour into an ambitious Chinese Industrial City, a usufruct agreement for which was signed last year, it added.
In all, 13 usufruct agreements were signed last year for various hotel, resort, hospitality and real estate developments at the SEZ, according to the report.
Among these, the most prominent one was a RO390-million ($1.09 billion) mixed-use project backed by Al Khonji Real Estate Development Company (Aqar).
- $3bn Kuwait bridge on track for 2018 opening
- $8.7bn spent on power, utilities
- Mena eyes $1trn energy investments in five years
- Siemens celebrates Egypt milestone
- $2.2bn pumped into Sezad
- New Genies well received
- Hempel inaugurates new factory in Kuwait
- Qatar’s first RO unit nearly ready
- SSH venture wins hospital deal
- Sarens Nass orders 15 Demag cranes
- 1,000 rooms for resort on way
- Bahrain causeway work to begin in Q2
- Six in race for Oman IWP
- Work begins on key Oman retail hub
- ACTS wins stadiums deal
- In brief
