Atheer – Oman News Agency
Statistics issued by the Duqm Economic Magazine in its January edition, have revealed that the Special Economic Zone Authority in Duqm number attracted approximately 5 billion Omani Rials (13 billion US Dollars) worth of investments in 2016.
Of this figure, 10.7 billion US Dollars accounted for investments in the Chinese Omani Industrial City in Duqm. Approximately 2.3 billion US Dollars was put into diverse investments in the industrial, tourism, commerce, property development, education and logistics sectors, among others.
The number of land agreements signed by the Special Economic Zone Authority in Duqm during 2016 was approximately 96. This means the total number of agreements of this nature that the authority has signed since it’s inception in 2011, is 165. This is in addition to 3 agreements that were signed prior to the authority’s inception.
The statistics suggest that the tourism sector attracted 681 million Omani Rials worth of investments in 2016, while the industrial sector attracted 187.6 million Omani Rials worth. The commerce and real estate development sectors raked in 22.4 million and 6.8 million Rials respectively, in addition to 1.4 million Rials worth of prospective investments in the exhibition and logistical services sectors. These projects are due to be implemented over a number of phases, taking into account the area’s economic, demographic and urban growth.
It is expected that once completed, the new projects will provide thousands of potential jobs. There are estimated to be in excess of 17,700 jobs provided by the projects directly, as well as close to 11,400 jobs made available in the Chinese Omani Industrial City in Duqm.
The authority is seeking to diversify its investments through agreements signed by investors, both from within the Sultanate and overseas, to include the various sectors that comprise the region’s comprehensive plan.
His Excellency Yahya bin Said Al Jabri, Chairman of the Board of Directors, expressed his hope that both local and international companies would contribute to new investments in Duqm.