The Duqm Economic Zone Issues 247 Licenses in the First Half of 2024

In the first half of 2024, the Duqm Special Economic Zone achieved significant development in economic licensing, with 247 new licenses issued for various economic activities. This development aligned with increasing investment interest in the area.

The region has also witnessed growth in various investment sectors, issuing 355 licenses in public services, 68 commercial registrations, 55 building permits, 87 environmental licenses, in addition to more than 900 business and investment licenses.

As part of its efforts to enhance the ease of investment, the district administration explained, through Khalid bin Salim Al-Khasibi, Head of Registration and Licensing at the One-Stop Station, that the digital transformation adopted in providing services to investors has facilitated processes and increased investment volume. The "OMAP" electronic platform enables investors to select economic activities, land, and pay fees electronically.

Moreover, a specialized team assists investors at every stage of the investment process.

The zone is keen on supporting small and medium enterprises (SMEs), offering them discounts of up to 50% on service fees to encourage investment.

The Duqm Special Economic Zone is overseen by the General Authority for Special Economic Zones and Free Zones, offering a wide range of investment opportunities. These range from light industries and services provided by SMEs, to medium industries, tourism, real estate development, renewable energy projects, green industries, and green hydrogen production.

What do you know about Duqm in Oman?

Duqm is one of the emerging real estate destinations in the Sultanate of Oman, combining a strategic location on the Arabian Sea near international shipping routes with advanced infrastructure that includes the Port of Duqm, Duqm Airport, and other service facilities. The area is diverse in real estate investment opportunities, ranging from industrial and service properties to real estate and tourism development projects.

The zone also supports renewable energy projects and green industries, making it a major hub for attracting investors from various sectors, both locally and internationally.

Contact Imtilak Global to learn more about unique real estate opportunities in Duqm.

Edited by: Imtilak Global©