Duqm Refinery a strategic project, says OPAZ Chairman Al Sunaidi

Duqm: Dr. Ali bin Masoud Al Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ) appreciated the Royal interest of His Majesty Sultan Haitham bin Tarik in the projects being implemented in the Special Economic Zone in Duqm (SEZAD).

He said in a statement to Oman News Agency (ONA) that the visit of His Majesty the Sultan and His Highness the Emir of the State of Kuwait to the SEZAD is a source of honour and pride for all workers in the zone.

He added, “The Duqm Refinery is a leading strategic project in the petroleum industries sector between the Sultanate of Oman and the State of Kuwait. It supports the efforts made to increase the added value of the converting sector and offers new investment opportunities for medium factories and small enterprises in Duqm.”

He underscored the importance of the strategic partnership between the two countries in the establishment of the Duqm Refinery and its strategic location close to the Asian and African markets which gives it a comparative advantage.

OPAZ Chairman explained that the SEZAD translates the Sultanate of Oman’s plans for economic and social development in accordance with “Oman Vision 2040”, strengthens the governorates’ economy and expands the private sector’s participation in the national economy. He added that investors benefit from the infrastructure available in the zone such as the Port of Duqm, Duqm Airport, the multi-purpose fishing port, and other road and infrastructure projects.

At the conclusion of his statement, Al Sunaidi highlighted the diversity of investments in the SEZAD and other areas supervised by OPAZ. He pointed out that the volume of investments in the economic, free and industrial zones amounted to about OMR17 billion including OMR4.2 billion in the SEZAD, which reflects the interest of local and international companies investing in the Sultanate of Oman and the efforts made to attract investments. -ONA