Sunday, 20 Oct 2019 | 21 Safar 1441
SEZAD signs pacts for two projects worth RO133mn

SEZAD indicators pacts for two projects worth RO133mn

The projects are worth RO133mn.

The initial agreement, worth RO38mn, was signed with Bin Zayed International Investment Group to create a industrial, tourist, educational, and recreational complicated in 3 phases.

The second, worth RO95mn, was signed with Al Shomookh Mining Industries Company, which plans to implement seven industrial projects in a number of stages in the heavy industries zone in the Special Economic Zone in Duqm (SEZD). These projects would supply two,000 jobs.

Ahmed bin Zayed al Mahrami, chairman of Bin Zayed International Investment Group and Al Shomookh Mining Industries Company, signed each agreements on behalf of the organizations in the presence of H E Dr Ahmed bin Mohammed bin Salim al Futaisi, Minister of Transport and Communications, and a quantity of officials and businesspersons at the Kempinski Hotel Muscat.

SEZAD has allocated 500,000sq m for Duqm Commercial and Tourist Gate project in the tourist zone on Duqm coast.

The project, to be implemented in a number of phases, will contain a industrial complicated in the initial phase. The second phase of the project consists of freehold apartments.

Last phases contain the building of a water park and a college.

Al Shomookh Mining Industries Complex is an integrated mining complicated for which SEZAD allocated an location of 250,000sq m with a total investment price of RO95mn.

Al Shomookh Mining Industries Company will implement the project in a number of stages. The initial phase consists of the building of a clinker plant and a lime production plant.

In the second phase, the organization will construct a paint factory, a glass factory, a waste container manufacturing plant and an aluminium factory.

In the third phase, the organization will establish a fertiliser plant.

Duqm Quarries Company signed memoranda of understanding (MoUs) with Bin Zayed Investment Group and Al Shomookh Mining Industries Company.

Eng Ali bin Abdullah al Zidjali, basic manager, signed the MoUs on behalf of Duqm Quarries Company, whilst Mahrami signed the MoUs on behalf of Bin Zayed International Investment Group and Al Shomookh Mining Industries Company.

Under the MoUs, Duqm Quarries Company will provide raw supplies of limestone and dolomite stone for the factories scheduled in the mining complicated. Duqm Quarries Company will also provide Duqm Commercial and Tourist Gate project with raw supplies, such as gravel, sand and some supplies utilized in the building stages of the project.

Information Source: Muscat Daily

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