Duqm SEZ to host Oman’s first Smart City
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MUSCAT, JULY 25 - Oman is tapping South Korea’s much-vaunted expertise in the development of the Sultanate’s first ‘smart city’ at the Special Economic Zone (SEZ) in Duqm. An MoU to this effect was signed by the two countries against the backdrop of the Oman-Korea Business Forum, which was held at the Grand Hyatt Muscat yesterday. Present at the event were high government officials from Korea led by Prime Minister Lee Nak-Yon, while the Sultanate was represented by Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry, and Dr Mohammed bin Hamed al Rumhy, Minister of Oil & Gas.
EARNINGS SURGE: Cost Reflective Tariffs for large customers contribute to revenue growth -Conrad Prabhu -MUSCAT, JULY 9 -Reversing a longstanding trend in rising government grants to the sector, electricity subsidy is projected to ease to RO 456.3 million in 2017 versus an amount of RO 510.5 million disbursed last year, entailing a 10.6 per cent decline,.
New Oman Duqm Naval Dockyard set for April launch
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CAPABILITY BOOST: New entity is joint venture of Oman Drydock Company (51 per cent) and Babcock International Group -
Conrad Prabhu -
MUSCAT, MARCH 27 -
The new Duqm Naval Dockyard (DND), a joint venture between Oman Drydock Company (ODC), wholly owned by the Omani government, and Babcock International Group, the UK’s leading engineering services provider for the British Navy, will formally come into operation next month.
The official launch of the new entity, which will be located at ODC’s state-of-the-art ship repair yard at Duqm, will help fuel the inflow of naval ships from British, European and other friendly international navies for repairs and maintenance services in the Sultanate.