Tokyo, The promotion campaign on the Special

Economic Zone in Duqm (SEZD) kicked off in Tokyo today. Yahya bin

Said al-Jabri, Chairman of the Special Economic Zone Authority in

Duqm (SEZAD) affirmed that this campaign comes as part of the

efforts made by the Sultanate and Japan to enhance their economic

ties.

In a speech delivered at Invest in Dqum seminar held at the

Japanese capital, Tokyo, al-Jabri said that the strategic location and

political stability in Oman, Duqm proximity to Asian and African

markets, as well as GCC markets qualify it to be an economic and

investment hub in the region. He added that the Sultanate enjoys all

potentials that encourage investors to invest in Oman and offers many

incentives. As more as 100 Japanese investors attended the seminar.

Yoji Muto, Japanese State Minister of Economy, Trade and

Industry announced in his speech during the seminar that Japan would

contribute in Duqm projects through Japan Bank for International

Cooperation (JBIC). He said that Japan hoped to deepen relations

between the two countries. He also affirmed that the Sultanate is a very

important country to Japan in all fields. He also called on the Omani

side to benefit from Japanese technological progress in plans of

economic diversification.

He also highlighted celebration of the Sultanate and Japan

during this year of establishing the diplomatic relations between the

two countries more than 40 years ago, as well as the visit of Shinzo

Abe, Prime Minister of Japan to the Sultanate in January 2014. During

the visit, the Japanese Premier met with His Majesty Sultan Qaboos

Bin Said. A memorandum of understanding (MoU) on dialogue and

political consultations was also signed during that visit between the

Foreign Ministries of the two countries.

Visual presentations were given during the seminar. The

presentations focused on investment environment in the Sultanate,

incentives and facilities offered to investors.

Saleh bin Hamood al-Hassani, Director General of Investor

Services at SEZAD said that the zone enjoys many incentives as it is

considered the largest economic zone in the Middle East. He added

that the zone stretches over 2000 square kilometers. He also

highlighted tax and non-tax incentives offered by the SEZAD to

investors.

Muhanna al-Sinani, Investment Promotion Executive at the Public

Authority for Investment Promotion and Export Development (Ithraa)

gave a briefing on the Sultanate’s investment incentives, as well as the

efforts being exerted by Ithraa to attract investments.

Reggy Vermeulen, CEO of Port of Duqm Company talked during

his visual presentation about the port’s potentials as it is a multi-

purpose port, its future role in supporting the SEZD and the facilities

provided by the port to enhance logistic, industrial and trade sectors in

the zone.

Hilal al-Kharousi, Executive Managing Director at Oman Oil

Company touched on the company’s projects in Duqm, the most

important of which are Duqm Refinery, Ras Markaz Terminal for crude

oil storage and gas supply in the zone.

Haitham bin Nasser al-Ta’ee, Managing Director of Finance at

Oman Drydock Company highlighted incentives and the activity being

witnessed by the drydock, as well as services provided to vessels.

Source: Oman News Agency