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2015 Special Economic Zone At Duqm

Special Economic Zone At Duqm 2015

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Page 1: Special Economic Zone At Duqm 2015

2015Special Economic Zone At

Duqm

Page 2: Special Economic Zone At Duqm 2015

Introduction

• Economic diversification beyond hydrocarbon.

• Increase GDP’s share from domestic investments and FDI.

• Balancing regional development.

• Creation of high value jobs.

Royal Decree 85/2006

designating the development of Al-Duqm city in Al-Wusta

Region a public utility project

Royal Decree 119/2011

Establishing Al-Duqm Special Economic Zone Authority and

Issuing its Regulations

Page 3: Special Economic Zone At Duqm 2015

Location

Page 4: Special Economic Zone At Duqm 2015

Location

• Politically stable and secure national context.

• Strategic location on international maritime routes outside the Straits of

Hermuz.

• Proximity to the giant Asian markets and the oil-rich Gulf countries.

• Pristine beaches and abundant fish stock.

• Preferential access under GCC, GAFTA, and US FTA.

• Good weather all year

Page 5: Special Economic Zone At Duqm 2015

Size

70 km

• The largest free zone in the middle east and north Africa

• First mover advantage

Page 6: Special Economic Zone At Duqm 2015

Regulations & Tax

• Lucrative tax exemptions and no FDI restrictions.

• Transparent and proactive regulatory environment.

• 100% foreign ownership

• Exemption from Taxes (30 years)

• The Capital Of the Project can be fully owned by non Omanis

• No currency restrictions and trading

• No minimum capital requirement

• Exemption from import & export duties

• Zero corporate tax

• Zero personal income tax

Page 7: Special Economic Zone At Duqm 2015

One-Stop-Shop

• SEZAD offers a single point of contact.

• It provides investors with transparent, efficient and timely regulatory services in terms of:

• Tax exemption package

• Business registration

• Planning and construction permits

• Environmental approvals

• Business Licensing

• Facilitate the process for obtaining work permits for expat work force.

Page 8: Special Economic Zone At Duqm 2015

Master Plan

HEAVY INDUSTRIAL ZONE

MEDIUM INDUSTRY ZONE

LIGHT INDUSTRY ZONE

LOGISTICS

FISHERIES ZONE

TOURISM ZONE

CENTRAL BUSINESS

DISTRICT

RENEWABLE

ENERGY ZONE

RESIDENTIAL ZONE

Page 9: Special Economic Zone At Duqm 2015

Industrial Zone

HEAVY INDUSTRIAL ZONE

MEDIUM INDUSTRY ZONE

LIGHT INDUSTRY ZONE

Page 10: Special Economic Zone At Duqm 2015

Tourism & Real Estate

TOURISM ZONE • 24 km2 including 18 km of beaches

CENTRAL BUSINESS DISTRICT

RESIDENTIAL ZONE

Page 11: Special Economic Zone At Duqm 2015

Duqm Port & Dry Dock

• Port of Duqm• 50:50 joint venture between government of Oman

and the Consortium Antwerp Port

• Total port boundary 170 km2

• Land area accommodate: commercial quays,

liquid jetties and logistics.

• Dry dock• Capacity to handle and average of 200 ships per year

• Since Inauguration in April 2011 handled 300 ships

Page 12: Special Economic Zone At Duqm 2015

Transportation

• Roads

• International Airport• Commenced 23rd July 2014 (soft Opening)

• 4km Runway

• Capable to handle largest

Passenger and cargo aircrafts in the world

• Rail• The rail route is part of proposed Inter- GCCrailway running from Kuwait to Salalah

• Provide greater capacity for freight transport

• Reduce cost and road freight services

• Create faster transfer of goods servicesbetween countries in GCC

Page 13: Special Economic Zone At Duqm 2015

Investment Opportunities

• Private-sector Opportunities

• Public-Private-Partnerships

• Government Projects

Page 14: Special Economic Zone At Duqm 2015

Investment Opportunities

• Oil Refinery and Petrochemical complex

• Availability of mineral resources: limestone, silica, basalt and

marble

• Manufacturing: Glass, Cement, Paints & Coatings, Fertilizers,

Granite Fiber, Ceramic Tiles & Fixtures, Solvents, Detergents,

Adhesives and Polymers

Page 15: Special Economic Zone At Duqm 2015

Investment Opportunities

Page 16: Special Economic Zone At Duqm 2015

Supporting Services

SMEsEducation &

TrainingSoftware &

ICTCommercial &

Financial

Engineering & Construction

Private-sector Opportunities

Page 17: Special Economic Zone At Duqm 2015

• Power Generation & Desalination

• Renewable energy: wind and solar

• Waste management: residential and industrial

• Education and Training

• Health Care facilities

• Air cargo facilities

• Additional port facilities

• Additional new dry dock facilities

Public-Private Partnerships

Page 18: Special Economic Zone At Duqm 2015

2015Thank you