Latest news with #SpecialEconomicZoneatDuqm
Observer
6 days ago
- Business
- Observer
70% of Duqm Airport–Ras Markaz dual carriageway complete
Duqm: The Duqm Airport Roundabout to Ras Markaz dual-carriageway project has surpassed 70% completion, with several vital works finalized, positioning the project to soon facilitate effective traffic flow. The project features a dual-carriageway comprising two lanes in each direction over a 42.9-kilometre stretch, along with 11.5 kilometres of subsidiary roads, including access routes to roundabouts and connections to the airport area. The road will link storage tanks at Ras Markaz with the Duqm Airport Roundabout, passing alongside the Green Industries Zone and several ongoing projects. It will also connect to the populated village of Dhahar and the Salalah route, enhancing integration among strategic projects in the southern sector of the Special Economic Zone at Duqm (SEZAD). Eng Salim bin Juma al Ghanbousi, Senior Quantity Surveying and Contracts Specialist, stated that the project's cost exceeds RO 57.6 million. It forms part of SEZAD's vision to develop robust infrastructure supporting sustainable growth, with strong commitment to executing the project to the highest quality standards while adhering to the scheduled timeline. In a statement to Oman News Agency (ONA), he explained that the project includes critical works such as constructing wadi drainage culverts, creating future utility corridors (for water, electricity, and communications), relocating damaged fiber-optic cables, and providing necessary protection for Duqm Refinery's oil pipelines. Eng Mohammed bin Salim al Tamimi, one of the project engineers at Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer), reported that over 90% of works on Main Roads 1 and 2 have been completed, along with more than 90% of concrete construction works. Asphalt layer works have exceeded 70% completion. In his statement to ONA, he noted that all surface water drainage culverts have been fully implemented. The project also includes installing smart lighting poles along the entire route. Additionally, 10% of the total project value has been allocated to small and medium enterprises (SMEs), reinforcing their role in major project execution and supporting the local economy.
Observer
10-05-2025
- Business
- Observer
Strategic bet or economic necessity? Duqm's shift
As global competition for leadership in clean energy intensifies, Oman's Special Economic Zone at Duqm (SEZAD) is quietly pivoting towards a new future — one defined by green hydrogen, industrial decarbonisation and smart urban development. Beyond the headlines of multibillion-dollar investments, the April 2025 issue of Duqm Economist magazine reveals deeper, more strategic shifts that merit close attention — and serious reflection. At stake is not merely Duqm's industrial growth, but Oman's ability to secure its place in an increasingly carbon-conscious global economy. The question is no longer whether Oman should transition; it is whether it can move swiftly enough to capture opportunities before others do. Traditionally known for hydrocarbons logistics, Ras Markaz Oil Storage Terminal is undergoing a quiet transformation. According to the magazine, future expansions will enable the terminal to handle green hydrogen and ammonia exports, making it a dual-purpose hub straddling both fossil fuels and the energy sources of tomorrow. This is more than infrastructure diversification — it represents a profound strategic recalibration. Global demand for clean hydrogen is forecast to grow exponentially by 2030, particularly from Europe and East Asia. By positioning Ras Markaz for green energy exports, Oman is laying the groundwork to secure a share of these emerging supply chains — competing with early movers like Saudi Arabia's NEOM and Australia's hydrogen hubs. Parallel to this, Duqm is preparing to host Oman's first industrial-scale carbon capture and storage (CCS) projects. Early planning stages suggest that new green steel and ammonia plants will integrate CCS technology from inception, offering products with substantially lower carbon footprints. In a world increasingly driven by emissions accounting — where carbon intensity is becoming as important as cost — this could give Omani exports a critical competitive edge. One of the most promising, but under-reported, initiatives is SEZAD's effort to anchor Oman's local economy within its green transition. Rather than limiting benefits to large foreign companies, new programmes aim to integrate Omani SMEs into supply chains, particularly in technical services, maintenanceand auxiliary industries linked to green hydrogen and steel. If executed effectively, this could catalyse the development of a domestic green industrial base — creating sustainable jobs, nurturing technological capabilities and reducing Oman's import dependence in key sectors. This localisation effort contrasts sharply with earlier models of economic zones, which often saw limited trickle-down benefits to the national economy. It signals a maturing industrial strategy: one focused on building economic ecosystems, not just infrastructure. Another major, but less publicised, aspect of Duqm's transformation is its urban expansion plan. OPAZ envisions a livable smart city — not merely an industrial outpost — complete with residential areas, healthcare services, educational facilities and tourism attractions. This urban development approach serves multiple strategic purposes. It makes Duqm more attractive to skilled workers and foreign investors seeking quality living standards. It supports Oman's demographic strategy to spread population growth beyond Muscat. And crucially, it diversifies economic activities beyond heavy industry, building resilience into Duqm's long-term growth model. The creation of a vibrant urban centre in Duqm would align Oman with global best practices, where economic zones evolve into full-fledged cities — as seen in places like Singapore's Jurong or Dubai's Jabal Ali Free Zone and its surrounding residential hubs. Oman's pivot at Duqm reflects both strategic vision and hard economic necessity. The global shift towards clean energy, green finance and ESG (Environmental, Social and Governance) standards is irreversible. Markets are already pricing carbon intensity into financing terms, trade agreements and investment flows. Countries that act decisively — building green industries, lowering emissions and ensuring local participation — will attract capital, talent and partnerships. Those that move slowly will face shrinking markets for carbon-intensive exports, rising financing costs and competitive marginalisation. Duqm's ongoing transformation offers Oman a rare second-mover advantage: learning from global pioneers, avoiding costly missteps and positioning itself as a pragmatic, cost-effective green economy player. However, time is not on Oman's side. The race is accelerating, and Duqm's strategic initiatives must translate into visible outcomes — operating CCS plants, exporting green hydrogen, building thriving SME clusters — within the next five years to secure their intended benefits. Duqm is no longer just a symbol of Oman's industrial ambition; it is becoming a bellwether for the country's broader economic future. Its success or failure will offer early signals about whether Oman can transition from a hydrocarbon-dependent economy to a resilient, low-carbon, diversified growth model. The blueprint revealed by Duqm Economist magazine is promising. Now, the challenge lies in execution — and speed. If Duqm succeeds, Oman will not just participate in the future global economy — it will help shape it.
Observer
24-03-2025
- Business
- Observer
SEZAD to host Duqm Now session on Education-Industry collaboration
DUQM: The Special Economic Zone at Duqm (SEZAD) will host its second Duqm Now session on Wednesday, April 16, at the Crowne Plaza Hotel Duqm. 'Classroom to Factory Floor: Education-Industry Collaboration' will look at how partnerships between Omani schools, colleges, universities and businesses can support Oman's economic ambitions. As global industries rapidly transform, strong education-industry partnerships have become essential, not optional, for preparing young Omanis to excel in today's competitive business world. These strategic collaborations inject real-world expertise into educational environments, effectively closing the gap between theoretical knowledge and practical application. Through targeted internships and apprenticeships, students develop not just basic skills but the specific technical capabilities and professional competencies Omani employers need to drive economic growth and innovation. Building on this approach, SEZAD recognizes the important role these connections play in supporting Duqm's development as a hub for forward-looking industries. With projects spanning renewable energy, advanced manufacturing, logistics and sustainable fisheries, the zone aims to create meaningful opportunities for Omani students to gain experience in these emerging fields. The potential for work placements and industry projects in green hydrogen, next-generation manufacturing and modern fisheries offers a clear pathway to develop the skilled workforce needed to advance Duqm's economic ambitions while creating quality career paths for Omani graduates. 'Today's fast-changing business world needs a fresh approach to developing talent,' said Eng Ahmed Akaak, CEO, SEZAD. 'When education and industry work together, we not only meet current workforce needs but also build for future growth. Matching what students learn with what businesses need creates a talent pipeline that supports Oman's vision for sustainable economic development while driving innovation.' The 16 April session will showcase successful models from around the world, including the University of Cambridge's industry partnerships and Germany's dual education system, while focusing on practical strategies for Oman's unique economy. Dr. Mohamed al Mughairi, Petroleum Engineering Commercialization Manager, PDO will moderate the discussions of Duqm Now panelists: His Highness Sayyid Dr Adham Al Said, Managing Partner, The Firm; Professor Salim al Harthi, Deputy Vice-Chancellor for Academic Affairs & Community Services, Sultan Qaboos University; and Essam al Sheibany, Vice President, Sustainability, ASYAD Group.
Zawya
24-03-2025
- Business
- Zawya
SEZAD to host Duqm Now session on education-industry collaboration
Duqm: The Special Economic Zone at Duqm (SEZAD) will host its second Duqm Now session on Wednesday, 16 April at the Crowne Plaza Hotel Duqm. 'Classroom to Factory Floor: Education-Industry Collaboration' will look at how partnerships between Omani schools, colleges, universities and businesses can support Oman's economic ambitions. As global industries rapidly transform, strong education-industry partnerships have become essential, not optional, for preparing young Omanis to excel in today's competitive business world. These strategic collaborations inject real-world expertise into educational environments, effectively closing the gap between theoretical knowledge and practical application. Through targeted internships and apprenticeships, students develop not just basic skills but the specific technical capabilities and professional competencies Omani employers need to drive economic growth and innovation. Building on this approach, SEZAD recognizes the important role these connections play in supporting Duqm's development as a hub for forward-looking industries. With projects spanning renewable energy, advanced manufacturing, logistics and sustainable fisheries, the zone aims to create meaningful opportunities for Omani students to gain experience in these emerging fields. The potential for work placements and industry projects in green hydrogen, next-generation manufacturing and modern fisheries offers a clear pathway to develop the skilled workforce needed to advance Duqm's economic ambitions while creating quality career paths for Omani graduates. 'Today's fast-changing business world needs a fresh approach to developing talent,' said Eng. Ahmed Akaak, CEO, SEZAD. 'When education and industry work together, we not only meet current workforce needs but also build for future growth. Matching what students learn with what businesses need creates a talent pipeline that supports Oman's vision for sustainable economic development while driving innovation.' The 16 April session will showcase successful models from around the world, including the University of Cambridge's industry partnerships and Germany's dual education system, while focusing on practical strategies for Oman's unique economy. Dr. Mohamed Al Mughairi, Petroleum Engineering Commercialization Manager, PDO will moderate the discussions of Duqm Now panelists: His Highness Sayyid Dr. Adham Al Said, Managing Partner, The Firm; Professor Salim Al Harthi, Deputy Vice-Chancellor for Academic Affairs & Community Services, Sultan Qaboos University; and Essam Al Sheibany, Vice President, Sustainability, ASYAD Group. Duqm Now is sponsored by Duqm Quarries and Development Bank with support from Oman Economic Review, Oman FM, Arabian Stories, Salam Air, Crowne Plaza Hotel Duqm and the Made in Oman Campaign. About SEZAD - Leading Change The Special Economic Zone at Duqm (SEZAD) is a major industrial hub aligned with Oman Vision 2040, leading change across renewables, logistics, manufacturing, petrochemicals, fisheries and tourism. Spanning 2,000 km² SEZAD is the largest special economic zone in the MENA region. It currently hosts over 13,000 employees and investors from 34 countries engaged in more than 260 business activities. About Duqm Now Organized by the Special Economic Zone at Duqm (SEZAD) Duqm Now is more than just a quarterly event – it is a unique platform for knowledge exchange, partnership building and sustainable business development. The four 2025 sessions will address key opportunities within the renewable energy sector, the evolving relationship between education and industry, adoption of circular economy practices and the transition to sustainable petrochemical production. For Duqm Now enquiries please contact Hanan Al Siyabi Marketing & Business Development Manager Special Economic Zone at Duqm
Muscat Daily
12-03-2025
- Business
- Muscat Daily
SEZAD unveils 2025-2030 strategy
Muscat – Special Economic Zone at Duqm (SEZAD) has unveiled its 2025-2030 strategy, outlining plans to enhance investment opportunities, attract global businesses, and position itself as a hub for renewable energy and sustainable industries. The strategy was unveiled on Wednesday as part of efforts of Public Authority for Special Economic Zones and Free Zones (OPAZ) to enhance SEZAD's economic role and improve the quality of life in Duqm, making it a key destination for investors, residents and visitors. At the unveiling, attended by Dr Ali bin Masoud al Sunaidy, Chairman of OPAZ, SEZAD also introduced its Institutional Transformation Programme and a new brand identity. On the occasion, Ahmed bin Ali Akaak, CEO of SEZAD, said the strategy builds on past successes driven by Duqm's strategic location, infrastructure and investor-friendly policies. 'Our focus is on creating a sustainable business ecosystem, offering real solutions and guidance for local and international investors to grow their enterprises based on responsibility, transparency, cooperation and innovation.' Ahmed bin Ali Akaak, CEO of SEZAD He added that the key objective is to localise investments across various sectors, accelerating development and marketing of priority economic sub-zones. Huda bint Abdullah al Habsi, Head of Transformation Team at OPAZ, outlined the strategy's development process, which involved extensive consultations and workshops with OPAZ and SEZAD teams. 'The newly set vision provides SEZAD a clear purpose and direction, while the mission unifies employees towards long-term goals,' she said. Huda bint Abdullah al Habsi, Head of Transformation Team at OPAZ The strategy focuses on five key goals: attracting investments, ensuring efficient operations, promoting a balanced lifestyle, boo-sting tourism and achieving institutional excellence. It aims to enhance Duqm's competitiveness by offering high-quality infrastructure, services and facilities, while positioning it as a lifestyle destination through urban and social development plans. SEZAD also seeks to attract tourists and strategic partners by promoting Duqm as a unique destination with diverse experiences. Institutional excellence will be pursued through targeted initiatives to enhance skills, planning and operational efficiency. The event also featured presentation of SEZAD's new brand identity, designed to align with its strategic ambitions and transformation programme.
