Seoul, The Promotion Campaign on Special

Economic Zone in Duqm (SEZD) affirmed the deep economic relations

between the Sultanate and Korea. The campaign also called for further

economic and investment partnerships between the two countries.

The promotion campaign on SEZD, which is organised by the

Special Economic Zone Authority in Duqm (SEZAD), in cooperation

with the Sultanate’s Embassy in Korea, is currently hosted by the

Republic of Korea.

Yahya bin Said al-Jabri, Chairman of the SEZAD Board of Directors

said that the existing political and economic relations between the

Sultanate and the Republic of Korea are witnessing further progress

and growth. He affirmed that the promotion campaign on SEZD in

Korea affirms the maximum importance accorded to enhance the

economic and trade ties between the two countries.

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

Korean capital, Seoul today, al-Jabri added, “We aspire that this

promotion campaign acts as a platform to explore investment

opportunities in the zone”. He affirmed the strategic location and

political stability in the Sultanate qualify the Sultanate to be an

economic hub in the region.

In his speech, the SEZAD Chairman reviewed the economic

importance of Duqm due to its strategic location and incentives

provided by the SEZAD to investors. He called on Korean businessmen

to closely familiarise with the projects being witnessed by the zone, as

well as its available investments.

The promotion campaign on SEZD in Korea is the third

destination for SEZAD within its current Asian tour. Two similar

seminars were also organised in Tokyo and Osaka in Japan.

Mohammed bin Salim al-Harthy, Sultanate’s Ambassador to the

Republic of Korea praised the SEZAD efforts in attracting investments.

He said that the seminar comes as part of the SEZAD strategy to

augment investments in the zone and highlight available investment

opportunities before Korean companies.

Al-Harthy affirmed that the seminar, in which 100 personalities

representing businessmen and journalists attended, affirmed the deep

relations binding the two friendly countries.

The Korean side affirmed its keenness to develop the economic

relations between the Sultanate and Korea. The Korean

Undersecretary of the Ministry of Land, Infrastructure and Transport

said that the memorandum of understanding (MoU) signed with

SEZAD on cooperation in establishing smart cities opens broader fields

before the Korean companies for investment in Duqm. He affirmed that

Duqm is considered an ideal environment for Korean investments due

to its location, incentives and facilities provided by the SEZAD and

expected revenue for Korean companies through their investments in

Duqm.

The Deputy Chairman of Chamber of Commerce and Industry of

Korea praised Korean investments in the Sultanate particularly in

petrochemicals sector. He hoped that the economic relations between

the two countries would witness further progress.

Several presentations were delivered during the seminar from

SEZAD, the Public Authority for Investment Promotion and Export

Development (Ithraa), Oman Drydock Company and Oman Oil

Company.

Working papers presenters highlighted SEZD potentials and its

projects that support investment in the zone. B2B meetings were held

with representatives of the Korean companies to reply for inquiries

about investment opportunities in the zone, as well as available

incentives.

Source: Oman News Agency