Tuesday 27 / January / 2026
Muscat: The Sultanate of Oman on Tuesday signed a financing agreement with the Kuwait Fund for Arab Economic Development to contribute to the financing of the second phase of the internal roads project in the Special Economic Zone at Duqm (SEZAD).
The agreement was signed on behalf of the Government of the Sultanate of Oman by Sultan Salim Al Habsi, Minister of Finance, while Waleed Shamlan Al-Bahar, Acting Director General of the Kuwait Fund for Arab Economic Development, signed on behalf of the Fund.
The project aims to support economic and social development efforts in the Special Economic Zone at Duqm, develop residential schemes, and provide associated facilities and amenities to facilitate transport movement within the plots designated for citizens.
The scope of the project includes the development of main and secondary road networks through the paving of internal roads in the First and Second Residential Areas and the Industrial Area.
Additionally, the project encompasses the implementation of associated infrastructure, such as storm water drainage systems and traffic safety equipment, as well as consultancy services and the relocation of existing utilities.
The implementation of this project is part of a broader effort to enhance the transport system within SEZAD, ensure smooth transit between residential and industrial areas, and create an advanced urban environment that keeps pace with the region’s rapid economic growth, in line with the strategic objectives of Oman Vision 2040.
Eng. Ahmed Hassan Al Dheeb, Vice Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), stated that the agreement pertains to financing the second phase of the internal roads project in the commercial district of the Sai district.
He confirmed that the Authority has completed all project components, including the preparation of plans and tendering methods, and that technical analysis is currently underway for the bids submitted to execute the project.
For his part, Waleed Shamlan Al-Bahar, Acting Director General of the Kuwait Fund for Arab Economic Development, explained that the financing for the implementation of the second phase of the internal roads project in the Special Economic Zone at Duqm amounts to approximately OMR 12.4 million.
The signing ceremony was attended by Qais Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones.
