Chinese investments in Duqm SEZ under detailed design
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All 10 industrial and petrochemical projects earmarked for development at the China-Oman Industrial Park in the Duqm Special Economic Zone (SEZ) are currently under detailed design, according to the head of the consortium overseeing the implementation of the ambitious hub. Ali Shah (pictured), CEO of Wanfang LLC, said the design of the projects which include a mega methanol and methanol-to-olefins (MTO) scheme, major power plant, world-scale solar equipment manufacturing facility, oilfield goods and pipeline plants, and a sprawling hospitality venture will lead to sub-usufruct agreements being inked with the individual investors.
Invited to comment on the status of the massive undertaking, which will see up to $10.7 billion of investment flowing into the hub, Ali Shah said Oman Wanfang, the main developer of the 1,172 hectare industrial park at the SEZ, was working closely with the SEZ Aut