Thursday 28 March 2024
 
»
 
»
Story

Phase 1 will focus on the development of medium and heavy industries.

Duqm SEZ in bid to develop land for industries

MUSCAT, September 29, 2015

The Duqm Special Economic Zone Authority (Sezad) has unveiled a 20-year plan to develop 150 sq km of land on Oman’s Wusta coast for industries and commercial investment, a report said.

Infrastructure development of this 1,745-sq- km economic hub initially centred on the northern half of the SEZ, Anwar Kahlan al Battashi, manager — Urban Planning, was quoted as saying in the Oman Observer report.

“Our current focus is on master-planning the development of the northern part,” said Al Battashi. “We are working on a phasing that is intelligent and focused on the anchor tenants, but also on the existing infrastructure,” he noted.

Phase 1 will focus on the development of medium and heavy industries, chiefly a grassroots refinery and petrochemicals complex over a 10-year range, the report said.

Phase 2, covering the 2026-2035 timeframe, will promote chemical and petrochemical related investments operating downstream of the anchor refinery and petrochemicals complex.

“By then, around 250 sq km of industrial zones will have been completed, yielding around 150 sq km of leasable land distributed between heavy, medium and light industries,” said Al Battashi.




Tags: Oman |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads