Oman Investment: Multipurpose Duqm Fishing Harbour To Be Developed By 2021

Oman Investment: Multipurpose Duqm Fishing Harbour To Be Developed By 2021

Muscat: The Special Economic Zone in Duqm (SEZAD) signed an agreement with an alliance headed by Fisheries Development Oman (FDO) to develop and operate the multipurpose fishing Harbour in Duqm.

FDO, an affiliate of Oman Investment Authority (OIA), also inked a land development agreement (usufruct) with Al Wusta Fisheries Industries LLC.

The 10-metre deep port, set up on an area of 8 square kms at a cost of RO63 million, is expected to be fully functional by the end of the first quarter of 2021.

It is ideally situated in the vicinity of the food industries zone occupying an area of 7 sq. kms designed to meet the basic needs of investments set to be localised.

The two agreements were signed under the auspices of Dr. Saud bin Hamoud al-Habsi, Minister of Agriculture, Fisheries and Water Resources.

The fishing harbour's agreement was signed by Eng. Yahya bin Khamis al-Zadjali, In-Charge of Managing Operations of SEZAD, while Eng. Dawood bin Sulaiman al-Wahaibi, CEO of Al-Wusta Fisheries Industries LLC, signed the second agreement. The FDO was represented by its CEO, Khalid bin Ali al-Yahmadi.

Eng. Yahya said that the agreements come within the context of efforts to attract local and international investments and benefit from modern infrastructure at