Oman’s Port of Duqm, which also serves as the owner of vast tracts of land earmarked for industrial and logistics activities port, will open a further 100 hectares of new real estate for investment, said a report.

It follows the successful uptake of almost all of the 65 hectares of land offered by the port authority under the first stage of a multiphase plan to create industrial and logistics clusters in areas that fall under the port’s jurisdiction, added the Oman Daily Observer report.

Duqm Industrial Land Company (DILC) is a special-purpose vehicle set up by the port company to develop and market an estimated 5,000 hectares of land allocated for medium and heavy industries, as well as logistics investment, in the vicinity of the port.