Industry, Logistics & Shipping

Local firms to get shares in Duqm projects

Oman Company for Development of Special Economic Zone at Duqm (Tatweer) and Iskan Oman Investment Company have announced their plan to allocate capital shares of their new projects in Duqm for the local community companies.
 
Engineer Yahya bin Khamis al-Zedjali, In-Charge of Managing Operations at the Special Economic Zone Authority at Duqm (Sezad), held a meeting with a number of local companies and representatives of Tatweer and Iskan companies, said an Oman News Agency report.   
 
During the meeting, several projects were discussed, including one for the accommodation of employees who are working in the Sezad. Accordingly, about 20% of the capital of big projects that are providing housing solutions in Duqm will be allocated for the local community companies.      
 
This move is part of the plan to promote the provision of long-term usufruct for 90 years introduced by the Public Authority for Special Economic Zones and Free Zones to encourage Omani youth to work and live in Duqm.