10 September 2018
Muscat (WAF)- The Chairman of the Special Economic Zone Authority for Duqm (SEZAD) is in Tokyo promoting Oman’s first economic city as a destination for a Japanese industrial city, a press statement by SEZAD said today.
The statement said that Yahya al-Jabri, Chairman of SEZAD met today with Kentaro Sonoura, Special Advisor to the Prime Minister of Japan and discussed the proposed industrial city.
“At the end of the meeting, it was agreed to form a working group from the SEZAD and the Japanese side to discuss the proposal to establish a Japanese industrial city in Duqm”, the Arabic statement said.
Oman is holding a 4-day tour in Japan including main cities such as Tokyo and Osaka to promote Duqm as an investment destination.
In April 2017, the China-Oman Industrial Park in Duqm broke ground with plans to invest more than $10 billion.
Also, Duqm was able to attract its first Integrated Tourism Complex known as “Little India”. The project was announced late last year, and the work on the first phase started early this year. According to Little India’s website, the project is spread over 600,000sqm.
To add more diversity to the Duqm mix, Oman and Korea signed a memorandum of understanding (MoU) in July 2018 to build Oman’s first smart-city. The MoU was signed on the sidelines of Omani-Korean Business Forum.
Duqm is located 550 km south of the capital Muscat, with plans in becoming a regional economic hub.