Oman’s Duqm Special Economic Zone is negotiating new investments worth between 7 billion and 8 billion Omani rials ($18 billion to $21 billion) in the iron and aluminum sectors, according to the zone’s CEO.
Ahmed bin Ali Akaak said agreements on project work plans are expected before the end of this year. He told Asharq Bloomberg in an interview on the sidelines of the UK-Gulf Cooperation Council strategic dialogue in London that the talks had reached “very significant understandings.”