MUSCAT: The Special Economic Zone Authority in Duqm (SEZAD) will celebrate tomorrow the laying of the foundation stone for the Chinese Industrial City in Duqm under the auspices of HH Sayyid Taimoor bin Asaad bin Tareq al Said in the presence of Wang Heshan, Deputy Governor of Chinese Province Ningxia, Yahya bin Said al Jabri, SEZAD Chairman and a number of Chinese and Omani officials. During the ceremony, nine agreements will be signed with a number of Chinese companies to implement methanol, diesel, pipe manufacturing, power plant and tourism complex projects.
A number of agreements were signed in 2016 with Wanfang Oman Company, the main investor at the Industrial City. The agreements include the development of about 1,172 hectares of land at SEZD. The agreement allows the company to manage, market and attract direct Chinese investments to the region to start up light, medium and heavy industries, oil refineries, petrochemical complexes, logistic services, warehouses, transport, tourism complexes, real estate development, education and health services projects. — ONA
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