Four French companies plan to set up industrial complex in Duqm

Muscat - 

In response to the recent visit of H E Yahya bin Said al Jabri, chairman of the Special Economic Zone Authority of Duqm (SEZAD) to France, four leading French companies have announced the creation of a French Business Syndicate to jointly tackle business opportunities in Duqm.

The French companies – CMA CGM, EDF Renewables, FIVES and SUEZ - announced the creation of the French Business Syndicate with the goal of assessing various investment possibilities in each of their respective field of activity, as well as the possibility to cooperate to bring higher value-propositions within the guidelines defined by the SEZAD and Ithraa.

The French companies showed interest in a global approach to cement factory ecosystems and related facilities, transportation ecosystem facilities, solar power generation plant and production of alternative fuel.

As part of their joint offer, the syndicate members also proposed to implement an educational programme to enhance the integration of Omani youths in the projects they will be entrusted with.

Officials and business leaders gathered at an event to explore and discuss the potential business opportunities presented by SEZAD. The event was organised under the patronage of H E Jabri and H E Renaud Salins, French Ambassador to Oman.

H E Jabri said the agreement reached by French companies to study the investment opportunities in Duqm is in line with aspirations of SEZAD to diversify investments in the Special Economic Zone in Duqm.

CMA CGM, EDF Renewables, FIVES and SUEZ have extensive experience in accompanying the economic and industrial development of countries all around the world by bringing excellence and operational performance.

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