Duqm authority invites private sector to invest in commercial centre

Area for the construction of the commercial centre is 80,000sqm located within the zone.

Image used for illustrative purpose.

Image used for illustrative purpose.

06 October 2016

Muscat: MUSCAT: Attractive investment opportunities are available for the private sector, who can participate in the development of a major commercial centre and associated facilities within the free trade zone at Duqm.

The Duqm Special Economic Zone Authority (Sezad) has invited entrepreneurs to take advantage of the investment opportunity, which include the construction of a commercial centre. This is part of efforts to expand the investment possibilities available for the private sector in the Sultanate and to benefit from the incentives and privileges provided to investors by the authority, according to a press release.

The area for the construction of the commercial centre is 80,000 square metres and it is located within the zone and close a large residential area.

Infrastructure facilities

The land is also located near a project of 150 residential units for people of Duqm, and nearby commercial banks and the centre of commercial activity in Duqm, pointing out that all infrastructure services are available on-site.

Floating this opportunity comes as a part of encouraging investors to benefit from available capabilities, resources and incentives offered for projects within the Duqm Special Economic Zone. This is also in line with a comprehensive plan for developing the zone and the authority’s efforts to enhance and increase the contribution of the private sector in economic activities.

The Duqm Special Economic Zone Authority looks forward to the market to become the nucleus of the modern city of Duqm and to be developed by the investor in a manner that meets the needs of the local community and residents, as a part of the authority’s vision to develop the lifestyle in Duqm by relying on smart urban plans that are designed in an effective manner.

© Times of Oman 2016

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