Four new deals signed for Duqm port
Posted on 4th July 2014
Oman's Minister for Transport & Communications, Dr Ahmed bin Mohammed al-Futaisi, has signed four new deals which will see further development at the Duqm Port. According to the Oman News Agency, Dr Al-Futaisi, who is also chairman of the Duqm Port company, said that the port has started to attract several investors to what has been deemed as a strategic location by Oman's government.
The first deal was with Raysut Cement, which announced its decision to build two new silos to store 4,000 metric tons as well as storing, packing and distribution facilities last month.
Duqm National Development Co has also signed a contract to deliver logistics and navigation services at the port, while Masirah Oil has also agreed a deal to lease storage and operations space as well as a terminal for its supply vessels.
Meanwhile, Euro Gulf Services has signed an agreement to provide helicopter services from the port to nearby Masirah platforms. Dr Al-Futaisi said the port's management had a strategy of agreeing deals with specialist companies to provide the necessary infrastructure for upcoming projects with a bid to reducing the burden of construction costs.
The development of the Duqm port is part of a wider US$ 20 billion strategy to develop a special economic zone including a new refinery and industrial city. The port will also eventually be linked to the proposed GCC rail network.Back to all Construction News
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