Three Omani firms have signed agreements for the lease of plots covering a total area of 10.5 hectares in Port of Duqm’s concession area, said a report.

The 25-year land lease agreements were signed by Oman Engineering, Gold Fish Company and Galfar Engineering and Contracting, added the Oman Daily Observer report.

The pacts represent an important milestone in the further development of the activities of the companies.

Oman Engineering is leading company in the fields of construction, maintainenace, and operation at grass root level, as well as revamping of oil and gas plants, power plants and engineering oriented environmental plants in the sultanate.

Gold Fish Company is one of the market leaders in the manufacturing and exporting of steam dried fish meal and crude fish oil. The parent company of GFC operates three large scale industries in India with the consumption of raw material 1000 tonnes/day and production of 240 tonnes/day.

Galfar Engineering and Contracting is one of the largest, multi-disciplinary engineering, contracting and construction companies in Oman. Established in 1972, it has grown into one of the largest construction companies in the Middle East with a turnover of over $1 billion.

Port of Duqm’s CEO Reggy Vermeulen said that they are proud to support all of the three companies as major private investors in Duqm.

He noted that these projects, on a short term, are going to support the development of cutting edge technology and on the long term will be major players in supporting the port of Duqm and its stakeholders with the state of the art technology and services.