(MENAFN- Muscat Daily) Muscat- H E Yahya bin Said bin Abdullah al Jabri, chairperson of the Special Economic Zone Authority in Duqm (SEZAD), signed two usufruct and development agreements for two new projects in Duqm, on Sunday.
The projects are worth RO133mn.
The first agreement, worth RO38mn, was signed with Bin Zayed International Investment Group to develop a commercial, tourist, educational, and recreational complex in three phases.
The second, worth RO95mn, was signed with Al Shomookh Mining Industries Company, which plans to implement seven industrial projects in several stages in the heavy industries zone in the Special Economic Zone in Duqm (SEZD). These projects would provide 2,000 jobs.
Ahmed bin Zayed al Mahrami, chairman of Bin Zayed International Investment Group and Al Shomookh Mining Industries Company, signed both agreements on behalf of the companies in the presence of H E Dr Ahmed bin Mohammed bin Salim al Futaisi, Minister of Transport and Communications, and a number of officials and businesspersons at the Kempinski Hotel Muscat.
SEZAD has allocated 500,000sq m for Duqm Commercial and Tourist Gate project in the tourist zone on Duqm coast.
The project, to be implemented in several phases, will include a commercial complex in the first phase. The second phase of the project includes freehold apartments.
Last phases include the construction of a water park and a school.
Al Shomookh Mining Industries Complex is an integrated mining complex for which SEZAD allocated an area of 250,000sq m with a total investment cost of RO95mn.
Al Shomookh Mining Industries Company will implement the project in several stages. The first phase includes the construction of a clinker plant and a lime production plant.
In the second phase, the company will build a paint factory, a glass factory, a waste container manufacturing plant and an aluminium factory.
In the third phase, the company will establish a fertiliser plant.
Duqm Quarries Company signed memoranda of understanding (MoUs) with Bin Zayed Investment Group and Al Shomookh Mining Industries Company.
Eng Ali bin Abdullah al Zidjali, general manager, signed the MoUs on behalf of Duqm Quarries Company, while Mahrami signed the MoUs on behalf of Bin Zayed International Investment Group and Al Shomookh Mining Industries Company.
Under the MoUs, Duqm Quarries Company will supply raw materials of limestone and dolomite stone for the factories scheduled in the mining complex. Duqm Quarries Company will also supply Duqm Commercial and Tourist Gate project with raw materials, such as gravel, sand and some materials used in the construction stages of the project.
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