Thursday, 17 Oct 2019 | 18 Safar 1441
Sultanate woos Belgium to ‘Invest in Duqm’

Sultanate woos Belgium to ‘Invest in Duqm’

Cathy praised the financial and investment cooperation among Oman and Belgium, saying that there are numerous elements supporting the company relations among the two nations.

During the meetings, Belgian officials commended the sultanate’s efforts to minimize dependence on oil and concentrate on non-oil sectors.
Addressing the Omani delegation, Cathy mentioned that the sultanate has identified 5 significant financial sectors throughout its existing 5-year strategy, which includes logistics, business, tourism, mining and fisheries.

She highlighted Oman’s crucial strategic projects like the Special Economic Zone in Duqm (SEZD) which attracts nearby and international investments.
She mentioned that such visits assist in exchange of tips and experience to market financial relations. “As we are optimistic about the future, there are still certain challenges that need to be tackled. However, through joint forces between Duqm and Antwerp, we can overcome these challenges.”

H E Jabri briefed the Belgian officials on SEZAD and the government’s efforts to establish infrastructure in the zone to attract investments of various types and scales.

He highlighted the benefits of the two,000sq km zone in Duqm, the biggest in the Middle East and North Africa.
The Port of Duqm, Oman Dry Dock, Duqm Refinery, the airport, heavy industrial, medium and light industries, residential, industrial, tourism and logistics places had been talked about as crucial organizations in Duqm.

H E Jabri touched on the facilities and incentives supplied by SEZAD to attract international investors.
He urged Belgian officials and businessmen in Antwerp to discover investment possibilities provided by SEZD and highlighted SEZAD’s interest to construct much more partnerships with organizations operating in Antwerp.

Representatives from SEZAD, the Public Authority for Investment Promotion and Export Development (Ithraa), Port of Duqm, Oman Dry Dock, Oman Oil Company and Duqm Quarries created detailed presentations to the Belgian officials.
The campaign has been nicely received by Belgian organizations and government officials who stressed on the require to determine possibilities for partnership.

Annick De Ridder, vice mayor of Antwerp and vice president of the Antwerp Port Authority mentioned that Port of Duqm is an essential maritime gateway.

Information Source: Muscat Daily

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