Oman’s Duqm negotiating up to $21bn in new investments, says CEO

LONDON: 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, with agreements on project work plans expected before the end of this year, according to the zone’s CEO. Ahmed bin Ali Akaak 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.” Finali