OQ, Royal Vopak partner to develop Duqm as integrated industrial hub
OQ, spearheading the development of Duqm in Oman as a premier integrated hub for hydrocarbons, chemicals, and low-carbon products, and Royal Vopak have entered into an exclusive partnership framework agreement in the Special Economic Zone at Duqm (SEZAD).
This is a significant step for a strategic alliance that aims to unlock future growth opportunities in industrial and energy terminal infrastructure and sustainable energy transition facilities in SEZAD.
Leveraging Vopak's proven expertise to develop and operate large-scale infrastructure projects, this partnership holds high prospects to drive economic growth, attract international customers, create new employment opportunities, and effectively serve all new projects requiring storage solutions in Duqm.
Highlighting the significant impact of this partnership, Ashraf Al Mamari, Group CEO of OQ, said: 'This partnership is a catalyst for Duqm's emergence as a globally competitive energy hub. By aligning with Vopak's international expertise, we are unlocking a new era of strategic infrastructure investment that strengthens Oman's position in global energy flows, accelerates the energy transition, and delivers long-term value for our economy and future generations.'
Dick Richelle, CEO of Royal Vopak, welcomed this partnership, saying: 'Vopak is excited to collaborate with OQ Group on this strategic partnership in Duqm. Our combined strengths in infrastructure development will be instrumental in creating a leading energy and chemical hub serving multiple industrial customers concurrently. We are excited to support Oman's Vision 2040.'
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