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
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
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
Source: Oman News Agency