Oman Is A Key Regional Partner In The Belt And Road Initiative

Oman Is A Key Regional Partner In The Belt And Road Initiative

We have discussed previously on many occasions, that the Middle East will become a major hub within the framework of the Belt and Road Initiative (BRI).  This is none more apparent than in Oman, which has already seen considerable Chinese investment, whereby China intends to invest up to 11 billion US dollars in Duqm, an Omani fishing village situated between the Gulfs of Oman and Aden.

The Duqm Special Economic Zone (SEZAD) is a significant development within Oman’s intention to diversify its economy beyond the oil and gas sectors. A Chinese consortium, consisting of six private firms, is currently developing over 25 projects for an industrial park consisting of a logistics centre, a commercial harbour and tourist site to include a solar energy operation, an automobile assembly factory and an oil refinery.

Read More