(MENAFN- The Peninsula) The Peninsula
DOHA: Qatar Chamber yesterday held a workshop on the potential investment opportunities available at Oman's Duqm Port and incentives offered by the Special Economic Zone in Duqm (SEZD) for investors as well as encouraging Qatari businessmen to invest in the port.
The event also highlighted the infrastructure of the region, the various project components such as Duqm port, dry dock, airport, Duqm Refinery and oil storage station.
The workshop focused on the investment climate in the region and the incentives, benefits and facilities obtained by the investing companies.
The event was attended by Qatar Chamber First Vice- Chairman Mohamed bin Ahmed bin Towar Al Kuwari, Commercial Director at Duqm Erwin Mortelmans and Director of Business Support Hesham Al Ebrahim. In a presentation, Erwin Mortelmans said that the Duqm Port is the largest economic project in Oma. It has several industry, tourism, logistics, real estate development and a multi-purpose port, airport, dry dock for ship repair, fishing port and fish industries.
He said the port provides a number of facilities and incentives, including allowing the foreign investor to own 100 per cent of the projects and tax exemption for up to 30 years, renewable for a similar period, and it also provides an ease of facilities such as customs visa for expat workforce which the project needs.
He also called on investors and representatives of Qatari companies to explore investment opportunities in the port. The strategic location of Duqm, its proximity to Asian and African markets, as well as Gulf Cooperation Council (GCC) markets, qualifies it to be an economic and investment hub in the region.
For his part, Bin Tawar said that Qatar and Oman enjoy excellent relations, noting that the port of Duqm is located in a special location and strategic location in the region, and that it is situated out of the Strait of Hormuz in the middle of Indian Ocean, terming it as an ideal destination for a number of neighbouring markets.
He noted that there are many Qatari investments in the private sector in the port, and that there is a tendency for Qatari business owners to identify the various investment opportunities in the port in particular and the economic zone in Duqm in general.
He also stressed the Chamber's support both countries businessmen to build trade partnerships and economic alliances, affirming it encourages Qatari business owners to cooperate with their counterparts in the Sultanate of Oman and establish trade partnerships and to explore opportunities in the Sultanate, especially in the Port of Duqm.
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