Port of Duqm signs 4 lease agreements for logistics land
As part of its commitment in shaping the future of logistics sector in Duqm, Port of Duqm Co recently signed four lease agreements for a total of around 70,000sq m logistics land, which will be leased out for 24 years.
Port of Duqm Co, a joint venture between the government of Oman and the Belgian consortium Antwerp Port, has multiple roles as a port authority, terminal operator and landlord of 3,000 hectares of land (port bound, logistics, liquid bulk and mineral processing land).
The logistics land allocation covers an area of approximately 1,000 hectares which will predominantly accommodate logistics related industries which would import their goods and, at the same time, construct open yards, permanent warehouse etc.
The signing ceremony was presided by Reggy Vermeulen, CEO of Port of Duqm along with top officials from, Jebel Investment, 3 Dimension Engineering, Ubar Logistics and Ocean Investment.
Speaking at the event, Al Rajhi, CEO of Jebal Investment said, “This project investment is considered to build a warehousing area along with administration space to facilitate the industrial projects in Duqm.”
Yousuf Barhi, CEO of 3 Dimension Engineering said, “Our project in Duqm will provide a multipurpose warehouse facility for cold storage and open yard. We see Duqm as one of the ideal locations for industrial investments and we are planning more investment in Duqm for 2020.”
Dr Ahmed al Junaibi, CEO of Ubar Logistics and Services informed that his company’s plan is to create a unique and modern warehousing cluster in Duqm to serve different industries.
Concluding the event, Reggy Vermeulen, CEO of Port of Duqm Co said that Port of Duqm Co is committed to offer continuous support to its clients in setting up their projects and will aim to continue giving the best customer experience and value for this agreement.
Port of Duqm is cruising steadily and emerging as the most preferred investment destination of the region.