Government webinar to showcase Duqm 'free zone' trade opportunities

The UK Government's Department for International Trade (DIT) is set to host a webinar outlining unique business opportunities in Oman's ambitious new port city Duqm.

Duqm Economic Zone is one of the largest free zones in the world and is strategically located on the Arabian Sea in central-eastern Oman.

Imports into the zone are set to be duty-free while further regulations regarding the zone's company registrations, labor, trade, land, taxation, incentives are planned.

The 60-minute briefing will take place on Tuesday, February 14, at 9am. It will be presented by experts from the Special Economic Zone Authority Duqm and HSBC.

It will provide an overview of the development of Duqm, a mega-project in Oman’s drive to diversify its economy. It will cover the numerous export and investment opportunities for UK companies, concentrating on the energy, fisheries and tourism sectors.

The development of the port is geared to servicing Oman’s fisheries, onshore and offshore oilfields and bulk mineral deposits. It's adjacent to the shipping super-lane between Europe, the Gulf and the Far East.

Duqm's population is set to rise from just over 5.000 in 2008 to more than 100,000 by 2020.

Duqm Special Economic Zone Authority (SEZAD) is responsible for the management of all economic activities in Duqm, including long-term strategies of infrastructural development and investment.

It is also required to oversee the urban expansion of Duqm city while protecting the environment. The SEZAD registers, licenses, and provides environmental approvals using internationally recognised practices.

To register a place on the webinar provide details via the following link

Register online now