25 September 2006
MUSCAT -- The Sultanate's government signed here yesterday an agreement for management and operation of Al Duqm Dry Dockyard project in the wilayat of Al Duqm with Daewoo Ship Building and Marine Engineering Co Ltd of Korea. Ahmed bin Abdulnabi Macki, Minister of Finance and National Economy and Deputy Chairman of the Financial Affairs and Energy Resources Council, signed on behalf of the Sultanate's government while Nam San-Tae, Daewoo Chief Executive officer and President, signed on behalf of his company.
As per the 10-years agreement, Daewoo Ship Building and Marine Engineering Co Ltd will provide administrative and technical support, transfer of modern technology used for ship repairing and maintenance of the dock yard project in Duqm. During its management of the project, the Korean company will prepare a work plan on marketing the services of the dry dock yard in Duqm to various international shipping companies, training and qualifications of Omani national cadres working in various professions of speciality at the ship repairing and maintenance of dry dock yard in the wilayat of Duqm.
Macki said the dry dockyard project is one of the important strategic projects that may contribute to a new financial source of income in the Sultanate. In a statement to Oman News Agency (ONA) Macki said the project feasibility study reflects the significance of the projects location in serving international shipping considering Duqm port proximity to the busy regional sea lanes traversing Oman's coastal waters. Macki said the Sultanate's government will invite a number of international firms for public tender. He said construction of the ship dry dock project will commence in the 1st quarter of 2007. He said in designing of the new dock yard future expansion of the project and possibility of providing ship manufacturing services have been considered.
The project is located at Ras al Duqm, wilayat of Al Duqm, and occupies 1.163 million square metres. It comprises construction of two docks and one floating dock to repair and maintain oil and gas tankers of 100,000 tonne capacity. For this purpose the government recently established a company called Oman Dry Dock Company. It is noteworthy that Daewoo Ship Building and Marine Engineering Co Ltd. had prepared the detailed study and engineering designing of the projects implementation stages. Daewoo is the second company in the world in ship building, repair and maintenance.
The signing ceremony was attended by Shaikh Mohammed bin Abdullah al Harthy, Minister of Transport and Communications, Darwish bin Ismail al Balushi, Ministry of Finance Under-secretary, Shaikh Dr Abdul Malik bin Abdullah al Hinai, under-secretary of the Ministry of National Economy for Economic Affairs, Shaikh al Fadhal bin Mohammed al Harthy, Ministry of National Economy under-secretary for Development, Eng Salim bin Mohammed A'Nuaimi, Ministry of Transport and Communications under-secretary, the Korean ambassador to the Sultanate and a number of officials at the Ministries of Finance and National Economy.
MUSCAT -- The Sultanate's government signed here yesterday an agreement for management and operation of Al Duqm Dry Dockyard project in the wilayat of Al Duqm with Daewoo Ship Building and Marine Engineering Co Ltd of Korea. Ahmed bin Abdulnabi Macki, Minister of Finance and National Economy and Deputy Chairman of the Financial Affairs and Energy Resources Council, signed on behalf of the Sultanate's government while Nam San-Tae, Daewoo Chief Executive officer and President, signed on behalf of his company.
As per the 10-years agreement, Daewoo Ship Building and Marine Engineering Co Ltd will provide administrative and technical support, transfer of modern technology used for ship repairing and maintenance of the dock yard project in Duqm. During its management of the project, the Korean company will prepare a work plan on marketing the services of the dry dock yard in Duqm to various international shipping companies, training and qualifications of Omani national cadres working in various professions of speciality at the ship repairing and maintenance of dry dock yard in the wilayat of Duqm.
Macki said the dry dockyard project is one of the important strategic projects that may contribute to a new financial source of income in the Sultanate. In a statement to Oman News Agency (ONA) Macki said the project feasibility study reflects the significance of the projects location in serving international shipping considering Duqm port proximity to the busy regional sea lanes traversing Oman's coastal waters. Macki said the Sultanate's government will invite a number of international firms for public tender. He said construction of the ship dry dock project will commence in the 1st quarter of 2007. He said in designing of the new dock yard future expansion of the project and possibility of providing ship manufacturing services have been considered.
The project is located at Ras al Duqm, wilayat of Al Duqm, and occupies 1.163 million square metres. It comprises construction of two docks and one floating dock to repair and maintain oil and gas tankers of 100,000 tonne capacity. For this purpose the government recently established a company called Oman Dry Dock Company. It is noteworthy that Daewoo Ship Building and Marine Engineering Co Ltd. had prepared the detailed study and engineering designing of the projects implementation stages. Daewoo is the second company in the world in ship building, repair and maintenance.
The signing ceremony was attended by Shaikh Mohammed bin Abdullah al Harthy, Minister of Transport and Communications, Darwish bin Ismail al Balushi, Ministry of Finance Under-secretary, Shaikh Dr Abdul Malik bin Abdullah al Hinai, under-secretary of the Ministry of National Economy for Economic Affairs, Shaikh al Fadhal bin Mohammed al Harthy, Ministry of National Economy under-secretary for Development, Eng Salim bin Mohammed A'Nuaimi, Ministry of Transport and Communications under-secretary, the Korean ambassador to the Sultanate and a number of officials at the Ministries of Finance and National Economy.
© Oman Daily Observer 2006
