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Creating a Hub for the Future

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Creating a Hub for the Future Duqm, the largest development project of Oman. CREATING A HUB The Duqm Project is the mere reflection of His Majesty Sultan Qaboos’ vision to accelerate the Sultanates economic development. At the same time it aims to reduce its dependency on oil FOR THE FUTURE revenues while making full utilization of Oman’s prime location in the Middle East region and in the world as a whole. The project is the biggest Special Economic Zone in the Middle East fully integrating residential, industrial, touristic and infrastructural developments under one um- brella. As such, the Duqm Project has truly be- Sohar come the flagship of the Sultanate’s 2020 Vision which has been announced originally in the Muscat mid 90’s and is now gradually taking its place in the global trade while being fully support- Sur ed by a world class deep draft Port. Oman’s new center of trade. DUQM A strategic location in a strategic environment Salalah Oman facts & figures Kuwait Strategic Capital Muscat geo-political Bahrain Qatar location Population (2014) Muscat 4.2 Mn Outside of the Centrally located UAE Persian Gulf away connecting East KSA from Strait of and West Oman Hormuz Languages Doorstep away Arabic & Proximity to major from major English Duqm shipping lanes markets Total area Oman is member of the Gulf 309,500 km2 Cooperation Council (GCC) PORT OF DUQM Port of Duqm Coastline 1700 Km Currency Omani Rial = USD 2.58 The Special Economic Zone GDP (2014) at Duqm USD 81.14 bn Oman? Yes! Oman! Natural resources Oman has a long history in the facilitation of trade between the Middle East, Asia and East Africa. As part of its 2020 vision, the Sultanate is doing tremendous efforts oil, natural gas, to prepare for a post-oil economy copper, fish, minerals The Sultanate of Oman is locat- Gulf of Oman forming Musan- Ocean. Over time, Oman’s ed in the southeastern coast of dam’s coastal boundaries. economy has developed further the Arabian Peninsula and holds Oman has modest oil reserves, with the creation of regional a strategically important posi- ranking 25th globally, but oil ports and free zones in Sohar Oil & Gas reserves and production tion at the mouth of the Persian revenues still account for the and Salalah. As part of its 2020 Gulf. The nation is bordered by majority of its national income. vision to diversify its economy the United Arab Emirates to the A significant alternative portion further away from the Oil and 1 Mio b/d of crude (5.3 Bn northwest, Saudi Arabia to the of its economy is tourism and Gas industry, the Sultanate has west, and Yemen to the south trade of fish, dates, and certain launched a new world class Port barrels proven reserves) and southwest, and shares ma- agricultural products. Oman is and a massive Special Economic rine borders with Iran and Paki- categorized as a high-income Zone in Duqm. As such, the Sul- stan. The coast is formed by the economy and ranks high glob- tanate wants to take more ex- 1.1 Trillion cubic ft/year of Arabian Sea on the southeast ally as a politically stable and plicitly advantage from its prime natural gas and the Gulf of Oman on the peaceful nation. strategic location and increas- northeast. The Madha and Mu- Historically, Oman’s capital Mus- ingly take part of the global sandam exclaves are surround- cat was the principal trading trade, while allowing investors ed by the UAE on their land bor- port of the Persian Gulf region to establish themselves in the (24.2 Trillion cubic feet proven reserves - expected to grow to over 50 Million cubic feet). ders, with the Strait of Hormuz and among the most import- best possible business friendly Oil and gas revenues account for 51% of GDP and 84% of revenues (which it shares with Iran) and ant trading ports of the Indian environment. Economic relationships A business friendly environment Flexible tax system Strategic location Liberal invest policies Government stability & business incentives Abundant natural & Equipped modern energy resources infrastructure Financial and International Major Trade Free Trade Hospitality culture monetary stability relationships Partners Agreement Land availability at Low cost utilities low cost Oman has relations with UK, India, Japan, UAE, South USA, Singapore (GCC) over 140 countries and Korea, China, EU, Thailand is a member of over 105 regional and international organizations Duqm: the preferred Special Economic Zone for your investments The Special Economic Zone of Duqm (SEZAD) stretches over 2,000 square kilometer with an 80km long beach front, which makes it the biggest in the Middle East region. The SEZAD authorities have started developing 40% of the area. The remainder part of the area is left for the future expansions. The area is divided into 8 main various mega projects. The gov- The area will house an ad- areas that include a world class ernment has ensured that the vanced petrochemical indus- 18m deep draft port, a mas- area is fit for a wide number tries and industrial complex sive dry dock, a 230,000 b/d oil of business activities to meet that will use secured oil and refinery, a regional airport, a the needs of its investors. The natural gas supplies. It will also heavy - medium and light in- Master Plan of this green field house an integrated manufac- dustries complex, a residential development is determined to turing industry area that will and commercial area, a tourism guarantee ecological balance utilize the available natural area in addition to a logistic and allow residents and in- resources in the al Wusta gov- which qualify it to become a hub dition to the natural beauty of ed for the entire Special Econom- services area. dustrial tenants to move from ernorate. for fish processing industries the region which will encourage ic Zone which includes a package one area to another smoothly and aquaculture projects. Duqm the development of its touris- of business friendly incentives, The immense size of the project using the main and sub road Moreover, the area is known enjoys a modest climate during tic area. A separate legislative applicable for all investors estab- allows for the establishment of networks. for its abundant fish resources, summer as well as winter in ad- framework has been implement- lishing themselves in the Zone. Duqm business incentives 100% Foreign Ownership No personal income tax Tax -exemption for 30 years Exemption from import & export duties Free Repatriation of Capital & profits Usufruct agreements up to No minimum capital requirement 50 years renewable No currency restrictions One-stop station service World class deep draft Port Situated on the southeastern seaboard of the Sultanate of Oman, overlooking the Arabian Sea and the Indian Ocean, Port of Duqm, a joint venture between the Omani Government and Consortium Antwerp Port, is fast becoming an important reality of the Middle East region’s rapidly transforming maritime landscape. In concrete, this means that Port early operations phase with a A multi-purpose feeder line link- of Duqm Company has to fulfil fully functional dry port and com- ing Duqm with the main regional the multiple roles of: mercial quay capable of handling ports Salalah, Sohar and Jebel Ali heavy lift project cargo, general is already in place. Port, Logistics • Port Authority cargo, dry bulk and containers. and Industrial prime land is pre- • Terminal Operator of the In addition, the Port offers a wide pared and readily available for Multipurpose, Dry Bulk and range of services such as the investors seeking to benefit from Early Container Terminal availability of MARPOL facilities, the integrated package of incen- • Landlord of the 5,000 ha of fresh water supply, fuel bunker- tives the Special Economic Zone land (Port Bound, Logistics, ing and domestic waste collec- has to offer. Liquid Bulk and Industrial tion & treatment facilities. Land) which have been Being closely located to the ma- With its deep draft (18m), lengthy granted under its concessions jor oil & gas and mining projects quay walls, and expansive basin, • Single focal point for investors in the country, Duqm is seeking Port of Duqm has the trappings to increase the activity level ex- of a world-class, multipurpose The Port has entered into an ponentially in the years to come. commercial gateway. Port of Duqm: the heart of the entire Special Economic Zone Project Port of Duqm joint venture structure: 50% Consortium Antwerp Port (CAP) Port of Duqm Government of Oman 50% Port of Duqm facts & figures 2016 2020 2030 Industrial zone 2’000 ha of medium, heavy and petrochemical industrial land Waterfront = 80 km (90km coastal line) Future refinery complex 19m approach channel Liquid & dry bulk • development area: Port of Duqm 1156 ha area Breakwaters Liquid jetties Phase 1: Liquid jetties Phase 2 • Lee breakwater: 4.5 km • 102ha land • Main breakwater: 4.1 km • 18m draft • 7 berths Port Basin: 18m draft Tourism area waterfront = 16km Commercial quay Commercial quay (18km coastal line) • 2.2 km of quay length • 2.2km quay length Touristic • 80ha land • 80ha land zone • 100,000 to 200,000 TEU • 2 container terminals (3.5 container Million TEU/year) • 4 Million tons of dry bulk • 5 Million tons dry bulk export capacity • 1 Million tons of project, break • 1 Million tons of project, break bulk and heavy lift cargo bulk and heavy lift cargo SEZAD • 24/7 operations Residential • 24/7 operations zone 2,000 sq km of special economic zone developments Oman Dry Dock Future development Future Port 380ha development: 600ha Unique integration and greenfield development • container expansion Duqm Airport of residential, touristic, industrial, logistic, airport Logistics land: 65ha Logistics land: 565ha • car terminal and sea port developments • dry bulk handling Unique multimodal integration of high capacity • rail integration road, rail, air and sea Rail line integration transport modalities Road network Port pre-gates and security Our terminals Early Operations Container Terminal Dry Bulk Terminal Port of Duqm has the clear am- The loading and unloading op- weekly to two weekly service Oman has vast deposits of me- limestone and dolomite have in the near future to increase the bition to become a major hub erations are carried out by the allows industries in the wider tallic and non-metallic minerals.
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