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

investors.

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

Duqm.

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

projects.

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

Sultanate.

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