Oman Business: Sezad signs deal to develop $163m Duqm fishing harbour gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
Sezad signs deal to develop $163m Duqm fishing harbour
MUSCAT, December 23, 2020 The Special Economic Zone at Duqm (Sezad) has signed an agreement with an alliance led by Fisheries Development Oman (FDO) to develop and operate the multipurpose fishing harbour set up at a cost of RO63 million ($163 million) in Duqm. FDO, an affiliate of Oman Investment Authority (OIA), also inked a land development agreement (usufruct) with Al Wusta Fisheries Industries LLC. The 10-m-deep port, set up on an area of 8 sq km, 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 sq km designed to meet the basic needs of investments set to be localized.