The Special Economic Zone at Duqm (SEZAD) has announced significant tourism and power infrastructure investments totaling approximately $1.39 billion, underscoring the rapid development occurring within the strategic economic hub in Oman.
Among the key projects is a $480 million tourism development initiated through a memorandum of cooperation with Ruby Prime Investment and Development. This project, spanning 200,000 square meters, will incorporate hotels, hotel apartments, a specialized academy, and a commercial mall. The initiative aims to bolster the region’s hospitality infrastructure as Duqm expands its industrial, logistics, and commercial activities. Additional accommodation and retail facilities are intended to accommodate growing demand from business travelers, investors, and visitors to the area.
Tourism has been identified by SEZAD as a vital sector in Duqm’s economic diversification, alongside logistics, manufacturing, energy, and fisheries. The forthcoming hospitality project complements a broader portfolio of tourism-related investments within the zone, reflecting efforts to develop Duqm as a multi-faceted destination.
In parallel, SEZAD highlighted a major power project designed to meet the increasing electricity needs associated with Duqm’s industrial and urban growth. The $910 million undertaking involves the design, construction, and operation of an 890-megawatt power plant on a 210,000-square-meter site. The project is being executed by Al Sahil Power in partnership with a consortium including Korea Western Power, Nebras Power, Union Water and Electricity, and Bahwan Infrastructure Services.
The new power plant is expected to provide critical energy support to industrial projects, residential communities, and commercial activities across Duqm and its surrounding areas. Reliable power supply is considered essential for sustaining large-scale investments in manufacturing, petrochemicals, minerals processing, and logistics sectors.
Duqm’s prominence as one of Oman’s foremost economic zones owes much to its strategic location on the Arabian Sea near the Strait of Hormuz. The zone hosts a deep-water port, dry dock facilities, industrial areas, and a diverse and expanding lineup of manufacturing and energy projects.
Recent investments have spanned renewable energy, green hydrogen, mining, metals, logistics, and tourism, reinforcing Duqm’s central role in Oman’s broader economic diversification agenda. The projects outlined by SEZAD reflect the continued push to develop Duqm into an integrated hub featuring industrial, commercial, and tourism components aimed at attracting both regional and international investors.