News
Duqm Material Market Nears Halfway Stage Of Completion
The Special Economic Zone at Duqm (SEZAD) hosts the first-of-its-kind material market with workshops, showrooms for retail and wholesale businesses and warehouse facilities in the Sultanate of Oman.
Being one of the first projects in the Sino-Omani Industrial Park in SEZAD, the project is jointly developed as a strategic partnership between Oman Wanfang, developer and operator of the China-Oman Industrial Park in Duqm, Al Thabat Holding Company, an investment company active in infrastructure activities, and Oman Company for the Development of Special Economic Zone at Duqm (Tatweer).
The first phase of the project has recorded 40 per cent completion so far.
Upon its completion, the project will attract various companies around the world to Duqm and place it as a hub for marketing and product selling.
This project aims to bring Chinese commodities and manufacturing capacity to the Sultanate. Its focus will be mainly on wholesale demands for local and international markets in terms of exporting products.
This remarkable project is well-received by many companies from China, which expressed their interest to come on board.
The project’s first phase is spreading over 30,000 sqm out of the total 80,000 sqm area allocated for the Duqm Material Market.
However, the other two phases of the project will be developed in the future as planning these phases depends on the function of phase one and the potential demands from the market.
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, November 24
-
Energy2 months ago
Oman and Belgium Strengthen Green Hydrogen Partnership with New Landmark Agreement
-
Energy2 months ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025
-
OER Magazines1 month ago
OER Magazine: December 2024 Edition – The Most Trusted Brands in Oman
-
Technology1 month ago
EXCLUSIVE: Technological Singularity – Will It Become Humanity’s Greatest Leap or Its Most Perilous Step?
-
Oman2 months ago
Oman Braces for Launch of First Experimental Rocket Duqm-1 on 4 December 2024
-
Oman2 months ago
Transport Ministry Issues New Regulation for Security of Ships, Ports
-
Magazines2 months ago
OER Magazine: November 2024 Edition