Oman’s SEZAD signs 9 agreements worth USD111.34m

29 Oct 2014

(MENAFN) Oman’s Special Economic Zone Authority at Duqm (SEZAD) announced it has signed nine agreements for new private sector projects at the Duqm Special Economic Zone, with a combined worth of more than USD111.34 million, Times of Oman reported.

The first agreement is for a project which will include the production, transmission and distribution of electricity network by the Rural Areas Electricity Company in in a number of locations at SEZAD, with the project especially designed to provide electrical power for the projects that will be implemented in the zone and keep up with the growth in demand for energy at A’Duqm in the coming years.

The second agreement, which was signed with Al Juziat Al Mutadidah Company, is for the construction of a factory for the production of polymer on about 10 thousand square meters in the heavy industry zone, while the third agreement was signed with Muscat Gases, which plans to construct facilities for the production and storage of industrial gases in the heavy industry area as well, with expectations that these facilities will help in covering the expected rise in demands on industrial gases and to make gases available near the consumers of, both houses and real estate or owners of industrial and commercial purposes.

The fourth agreement was signed with Ramiz Shopping Centre for the construction of a shopping Centre which will be built on an area of 22 thousand square meters, while the fifth agreement, which was signed with Oman Centre for Sport and Real Estate Investment, was signed for the construction of a commercial complex that includes a bowling hall, varied leisure and commercial services, which will be built over an area of 5695 square meters.

The sixth agreement was signed with Amit Warehouse and Logistics Company for the establishment of a variety of stores on a total area of 62302 square meters and the seventh agreement was signed with Muscat Pharmacy Shops for the construction of 10 stores to provide Duqm Special Economic Zone with medicines and medical supplies, with the project expected to be built on 23217 square meters.

The eighth agreement was signed with Al Naba’ Holding Company for the construction of workshops, warehouses, administrative buildings and commercial offices, over an area of 23964) square meters, and the ninth agreement, which was signed with Khimji Group of Companies for the construction of a commercial complex featuring many international brands, and will be held on an area of 5009 square meters.