Muscat: Duqm will become a global hub for trade, according to Yusuf bin Alawi bin Abdullah, Minister responsible for Foreign Affairs.
Speaking on the heels of the 74th UN General Assembly, Alawi said Duqm is starting to attract the attention of foreign countries. “The Special Economic Zone in Duqm, especially began attracting a great deal of attention from countries regarding exports after Oman established a massive port of Duqm. They want to use the port and the special economic free-zone as a central hub to gather products and then re-export them to other countries,” Alawi said.
“We expect that SEZD will become a globally recognised area for petrochemical and other industries, and as a spot for re-export to other countries. This is, of course, supported by the government and His Majesty Sultan Qaboos bin Said, may he be safe, in order to happen gradually in the next five year plan, the next ten year plan, and the plan for 2040,” he added.
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According to Alawi, countries like Russia are planning to invest in Duqm. “The Sultanate of Oman’s unique geographic position makes it a point of interest for many countries across the world. This comes both from the countries which have positive relations with us, and also from those with which we’ve had less interactions in the past. For example, Russia’s interest has grown exponentially in recent years,” he added.
