Oman’s Port of Duqm offers additional 100 ha for investment

port 6In July 2018, the Port of Duqm Company signed a 25-year usufruct land lease agreement for a 50,000 sq m plot with The Petroleum Projects and Technical Consultations CO (Petrojet) in Oman. (Image source: Port of Duqm Company)The Port of Duqm Company is set to open an additional 100 ha of new real estate for investment, following the uptake of 65 ha of land to develop logistics and industrial clusters in the port’s jurisdiction areas

According to an Oman Observer report, the Port of Duqm is the owner of vast tracts of land earmarked for industrial and logistics activities in the area.

Duqm Industrial Land Company (DILC) is a special purpose vehicle set up by the port company to develop and market about 5,000 ha of land which is allocated for medium and heavy sized industries in the port’s vicinity, said the source.

In July 2018, the Port of Duqm Company signed a 25-year usufruct land lease agreement for a 50,000 sq m plot with The Petroleum Projects and Technical Consultations CO (Petrojet) in Oman. Under this lease agreement, Petrojet will use the land to operate its steelworks, moulding, fusion, welding metal structures and installing and maintenance of pumps.

Port of Duqm will provide continuous support to Petrojet in setting up the project and aims to continue giving the best customer experience and value offerings to its clients locally and across the globe.

The Port of Duqm Company SAOC is a 50:50 joint venture between the government of Oman and Consortium Antwerp Port (CAP). CAP is a Belgian consortium comprised of Port of Antwerp, Europe’s second largest sea-port, and Rent-A-Port, a company specialised in port development and management.

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