Oman’s Special Economic Zone Authority at Duqm (Sezad) and Duqm Smart Business Company recently signed a usufruct agreement to develop a smart office facility constructed from shipping containers refurbished at the Special Economic Zone in Duqm (SEZD), said a report.

As per the agreement, Duqm Smart Business will develop the project on the land allocated by Sezad. The first phase of the project will provide 12 smart offices for shared usage by small and medium enterprises (SMEs) and start-ups in Duqm, added the Oman Daily Observer report.

The agreement was signed for Sezad by chairman of the board Yahya bin Said al-Jabri and for Duqm Smart Business by Maurizio Monte, founding director, it said.

The first phase of the project has already started and is projected for completion by the year’s end.

The new smart office facility provides start-ups and small companies with a launch pad before moving to larger facilities in other parts of the economic zone, added the report.