Muscat: The Special Economic Zone in Duqm (SEZAD) has signed an agreement with an alliance headed by Fisheries Development Oman (FDO) to develop and operate the multipurpose fishing Harbour in Duqm.
A statement issued online by Oman News Agency (ONA), said :"FDO, an affiliate of Oman Investment Authority (OIA), also inked a land development agreement (usufruct) with Al Wusta Fisheries Industries LLC."
The 10-metre deep port, set up on an area of 8 square kilometres at cost of RO 63 million, is expected to be fully functional by the end of the first quarter of 2021. It is ideally situated in the vicinity of food industries zone occupying an area of 7 square kilometres designed to meet the basic needs of investments set to be localized. The two agreements were signed under the auspices of Dr. Saud bin Hamoud al-Habsi, Minister of Agriculture, Fisheries and Water Resources.
The Economic Zone has so far attracted a number of investments to the tune of OMR135 million in fisheries industries and superstructures.