The Special Economic Zone in Duqm (SEZAD), Oman announced in a statement that it has signed an agreement with an alliance headed by Fisheries Development Oman (FDO) to develop and operate the multipurpose fishing Harbour in Duqm.
The contract value is around OMR 63 million (USD 163,849,154).
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 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 fishing harbour’s agreement was signed by Eng. Yahya bin Khamis al-Zadjali, In-Charge of Managing Operations of SEZAD, while Eng. Dawood bin Sulaiman al-Wahaibi, CEO of Al-Wusta Fisheries Industries LLC, signed the second agreement. The FDO was represented by its CEO, Khalid bin Ali al-Yahmadi.
The signing ceremony was attended by Dr. Ali bin Masoud al-Sunaidi, Chairman of OPAZ (the Public Authority for Economic Zones and Free Zones), Abdussalam bin Mohammed al-Murshidi, OIA Chairman, and a number of CEOs and SEZAD officials.
Read Also: Oman awarded $130million Multipurpose Fishing Port at Duqm
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