Promotion campaign on Duqm begins in Japan

September 12, 2018

The promotion campaign on the Special Economic Zone in Duqm (SEZD) kicked-off in Tokyo, Japan on Monday.

H E Yahya bin Said al Jabri, chairman of the Special Economic Zone Authority of Duqm (SEZAD) affirmed that this campaign comes as part of the efforts made by the sultanate and Japan to enhance their economic ties.

In a speech delivered at ‘Invest in Dqum’ seminar held in Tokyo, H E Jabri said that Oman’s strategic location and political stability, Duqm’s proximity to Asian, African and GCC markets qualify Duqm to be an economic and investment hub in the region.

He added that the sultanate enjoys all potentials that encourage investors to invest in Oman and offers many incentives. As many as 100 Japanese investors attended the seminar.

Yoji Muto, Japanese State Minister of Economy, Trade and Industry, announced in his speech during the seminar that Japan would contribute in Duqm projects through Japan Bank for International Cooperation (JBIC). He also affirmed that Oman is a very important country to Japan in all the fields. He also called on the Omani side to benefit from Japanese technological progress in plans of economic diversification.

Visual presentations were also given during the seminar. The presentations focused on investment environment in the sultanate and incentives and facilities offered to investors.

Saleh bin Hamood al Hassani, director general of investor services at SEZAD, said that SEZD enjoys many incentives as it is considered the largest economic zone in the Middle East.

Reggy Vermeulen, CEO of Port of Duqm Company, talked during his presentation about port’s potentials as it is a multi-purpose port, its future role in supporting SEZD and the facilities provided by the port to enhance logistic, industrial and trade sectors in the zone.

Hilal al Kharusi, executive managing director at Oman Oil Company spoke on the company’s projects in Duqm, the most important of which are Duqm refinery, Ras Markaz terminal for crude oil storage and gas supply in the zone.