Oman offers $5.8 billion worth of projects for interested Singapore companies

Singapore companies keen to invest in Oman could look into some US$4.5 billion (S$5.8 billion) worth of projects in the country's Duqm Special Economic Zone (SEZ), attendees at a business forum were told on Monday.

These projects span the logistics, tourism, fishery, and oil and petrochemical industries.

The forum, organised by the Singapore Business Federation (SBF) and Duqm Special Economic Zone Authority (SEZAD), briefed about 100 SBF members on the opportunities available in the SEZ.

The zone is an integrated development comprising a sea port, industrial area, new town, fishing harbour, tourist zone, logistics centre and an education and training zone.

Duqm is located in the Al Wustah region in Central Oman, 550km south of the nation's capital Muscat.

The 1,777 sq km Duqm SEZ will be one of the largest free zone projects in the Middle East and North Africa region.