Oman’s Special Economic Zone at Duqm Issues 247 Licenses in First Half of 2024

Oman, 09 October, 2024 : The Special Economic Zone at Duqm (Sezad) issued 247 licenses for economic activities in the first half of 2024, reflecting increased interest in investment in the region. 

During this period, Sezad saw significant growth across various investment indicators, including 355 public service licenses, 68 commercial registrations, 55 building permits, 87 environmental licenses, and over 900 work and investor permits. Khalid Al Khusaibi, Head of the Registration and Licensing Department at the One-Stop Shop, emphasized the Zone's efforts to streamline investment procedures and support investors in overcoming challenges. 

He noted that electronic transformation has facilitated investment activities, making it easier for investors to engage with the Zone. The OMAP platform allows investors to specify their economic activities, select land for investment, and pay fees electronically. Additionally, small and medium-sized enterprises (SMEs) holding a Riyada card receive a 50% discount on service fees to encourage investment.

Sezad's strategic location on the Arabian Sea, proximity to international shipping lanes, and robust infrastructure, including the Port of Duqm and Duqm Airport, enhance its appeal to investors. The Zone offers diverse investment opportunities, ranging from light industrial projects and tourism to renewable energy and green hydrogen production, under the oversight of the Public Authority for Special Economic Zones and Free Zones (Opaz).

Source : www.zawya.com