Muscat - Port of Duqm Co, under its subsidiary Duqm Industrial Land Co, has signed a 25-year usufruct land lease agreement for a 50,000sqm plot with Petroleum Projects & Technical Consultations Co (Petrojet).

Port of Duqm Co holds under its concession 5,000 hectares of land space at its strategic location and a state-of-the-art port facility. Out of which 2,000 hectares land space of industrial and petrochemical area offers investors to operate medium to heavy industrial activities.

Petrojet is a market lead contractor in Egypt and currently established its reach across the Middle East and North Africa, according to a press release issued by Port of Duqm Co.

Petrojet, under this lease agreement will use the land to operate its steel works, molding, fusion, welding metal structures and installing and maintenance of pumps.

Port of Duqm is committed to offer continuous support to Petrojet in setting up the project and aims to continue giving the best customer experience and value offerings to its clients globally and locally.

Petrojet operates with its fleet of cutting edge construction equipment and its highly skilled resource force of 27,500 technically proficient employees in all fields.

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