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.
-
Banking & Finance2 weeks agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
Economy2 months agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
News2 months agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
News1 month agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
Economy2 months agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News1 month agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
-
Uncategorized1 month agoOman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
-
Trade1 month agoConsulate Office of the Republic of South Africa opens in Muscat, enhancing bilateral relations
