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FINANCIAL NEWS
Duqm Economic Zone to attract up to USD15b investments
26 May 2011
(MENAFN) Omani minister responsible for financial affairs, Darwish bin Ismail Al Balushi, stated that he expected Duqm Economic Zone to attract direct investment worth around USD10 billion to USD15 billion until 2021, reported Times of Oman.
Al Balushi also said that the economic zone, which is being set up in Al Wusta region north of Oman, would boost the country’s non-oil sector’s gross domestic product (GDP) by 5 percent to 8 percent.
The minister added that the zone would also create more than 15,000 jobs directly and indirectly in the duration.
It is worth noting that Oman relies on Duqm Economic Zone to support the Sultanate in many sectors such as foreign trade, industry, investment, fisheries and tourism.
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