Washington, The Special Economic Zone
Authority in Duqm (SEZAD) reviewed investment opportunities
available in the Special Economic Zone in Duqm (SEZD) before the
business community in Washington through B2B meetings with leading
US companies and officials.
Intensified meetings were held among SEZAD officials and US
companies’ executives to explore means of joint cooperation.
Representatives of about 50 US companies attended the
meetings, which were held at the US Chamber of Commerce and the
Arab-US Chamber. The meetings reviewed the available investment
opportunities in SEZD, as well as the incentives provided by SEZAD to
Yahya bin Said al-Jabri, SEZAD Chairman affirmed that the
Authority welcomes US investments and that it is ready to offer the
different facilities required by US companies interested in investing in
Steve Lotus, Deputy Chairman of the US Chamber of
Commerce for Middle East Affairs said that he is interested in
enhancing relationship between the Sultanate and the USA and in
establishing joint ventures between the Omani and US companies. He
highlighted the scores of benefits and incentives provided by SEZD.
At the meeting, which was attended by Hunainah bint Sultan
al-Mughairiyah, Sultanate’s Ambassador to USA, Lotus affirmed that
the US companies are interested in investing in Duqm. He affirmed that
the US Chamber of Commerce is looking forward to organise a visit for
US companies to Duqm to closely review the completed and underway
On his part, Seward L. Jones, United States Deputy
Assistant Secretary (DAS) of Commerce for the Middle East and Africa
said that the Department encourages the US companies to invest in
Duqm and set up strong relations with business community in the
On his part, David Short, Deputy Assistant Secretary of
Transportation for Aviation and International Affairs hailed the existing
relations between the Sultanate and the USA. He urged the US
companies that attended the meeting to benefit from the available
investment opportunities in Duqm.
He pointed out that there are a number of factors that support
the existing strategic partnership between the Sultanate and USA,
such as the FTA, the Open Skies Agreement and the efforts made to
diversify the Omani economy. He affirmed that the infrastructure in
Duqm serves as a long term investment for the Omani people.
The Duqm promotion campaign in Washington and Huston
witnessed great interest by the US companies and business
community, which stressed the importance of enhancing the existing
economic relationship between the two countries.
Source: Oman News Agency