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SPECIAL ECONOMIC ZONE at Duqm

SPECIAL ECONOMIC ZONE at Duqm. Vision & Investment Opportunities May 24, 2011. CONTENTS. Rationale, vision and national objectives Investment opportunities Incentives. National Objectives. Balanced regional development Job creation Economic growth Economic diversification

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SPECIAL ECONOMIC ZONE at Duqm

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  1. SPECIAL ECONOMIC ZONE at Duqm Vision & Investment Opportunities May 24, 2011

  2. CONTENTS • Rationale, vision and national objectives • Investment opportunities • Incentives

  3. National Objectives • Balanced regional development • Job creation • Economic growth • Economic diversification • Promotion of tourism • Widening non-pecuniary benefits of FDI

  4. THE VISION Duqm is a modern city recognized as the best location in the Middle East to do business in and one of the best to live in.

  5. Duqm as a Special Economic Zone • Strategic dimensions: social and economic • Integrated approach to development • Multimodal transport system • Production linkages to the Wusta region • Duqm is a duty-free zone • An industrial estate zone • A more liberal regulatory system • Emphasis on clean environ. & Omani values

  6. Organizational Structure • Duqm Steering Committee • Government ministries & Agencies • Duqm Authority • Investors support services • Engineering/Planning & Environmental • Marketing and promotion • Regulatory affairs

  7. 2. Investment Opportunities

  8. Forms of Private Sector Participation • Private sector involvement is important • There are three major forms of participation: • Type A: Government procurements (GP) • Type B: Private Public Partnerships (PPP) • Type C: Private Business opportunities (PBO) • Risk & return magnitudes distinguish one from the other

  9. A. Government Procurement I (GP) • Port superstructure • Port expansion • Road network • Water distribution network • Electric distribution network • Sewage network to STP • Airport Phase 3 • Expansion of desalination plant • New power plant

  10. GP cont. • Public parks • Rock garden (MOT) • Landscaping • Inter and intra bus stations • Consulting services • Project management • Fisheries port & other facilities • Government buildings • Environmental lab

  11. B. PPP • Power generation plant • Solid waste collection • Landfill (hazmats and non-hazmats) construction and management • Industrial liquid treatment plant • Wind and solar power facilities • Management of the industrial area • Airport operator • Management of the industrial estate zone

  12. C. Private Business Opportunities Raw Material Base Proximity to Customer Base Cleantechs/ renewable energy Food & Beverages Oil Refining Petrochemicals ICT Automotive Building & Construction Materials (Cement) Inorganic Chemicals (Caustic Soda, Soda Ash) Lifesciences Minerals (Basalt Fiber, Glass) Fishery & Aquaculture Supporting Services Logistics Software and IT Services Engineering Services* Business Services Marine Services* Recycling & Waste Recovery*

  13. PBO cont. • Commercial centers • Land development for mixed use • Low cost workers housing • Hotels & tourist resorts • Entertainment venues for different ages • Various warehousing facilities: open, covered, cold, frozen, etc. • Professional workshops • Medical clinics • Private education

  14. 3. Incentives & Benefits • 100% foreign ownership • Free repatriation of profits & capital • No currency restrictions • No minimum capital requirement • Exemption from import & export duties • Zero personal income tax

  15. Incentives: cont. • Pre-built offices, warehouses & light industry • A true one-stop shop window • Quality customer service to meet international standards • Company registration in < than one week • Sales to domestic & GCC markets duty free

  16. Incentives: cont. • Simplified and flexible customs procedures • Long term land lease (up to 25 years) at competitive prices • Access to first rate infrastructure • Online portal to provide 24/7 access to Duqm’s services

  17. How to contact us? • Contacts to be with Duqm Steering Committee (DSC) • For GP: check Tender Board website • For PPP & PBO: contact DSC with the following info: • Describe project, capacity & business plan • Planned capital investment • Labor employment: Omanis and expats • Startup date of construction & expected completion date • Land requirement & blue prints • Any other requirements • Land allotment awaits Master Land Use Plan

  18. Thank you

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