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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Oil prices have no impact on projects

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MUSCAT: The government has not cancelled or put off any projects in the Special Economic Zone at Duqm despite the current financial crises caused by oil prices, Yahya bin Saeed al Jabri, Chairman, Special Economic Zone Authority at Duqm (SEZAD), has said. In an interview with Oman News Agency (ONA), he said the government has instead continued to invest in the implementation of infrastructure projects with a view to making income diversification plans successful. Such investments, he said, will help expedite the establishment of economic zones encompassing heavy industries such as refineries and petrochemicals, besides tourism, entertainment, commerce and logistics projects, as the government seeks to diversify investments in the Duqm zone, and make it attractive for overseas investors.


Al Jabri noted: “The government of His Majesty Sultan Qaboos sees the Duqm special zone and other economic zones in Suhar and Salalah capable of leading the Sultanate’s economic diversification plans. The government constantly accords huge financial support to the implementation of infrastructure projects as well as facilitate and incentivise the process of doing business in the Duqm SEZ.


“The government investments in the infrastructure of SEZ has amounted to RO 2.1 billion so far. Besides, all packages related to the Port of Duqm have been awarded by SEZAD. The contracting companies are currently executing the tenders they have been awarded to complete them as per schedule. “The work on main roads in the city and other roads leading to the industrial areas and tourist sports has already been completed. The infrastructure for a berth is currently under construction,” Al Jabri said, disclosing plans to set up a new 500 MW power plant to meet the increasing demand for power in the zone. — ONA


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