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Investors from 22 countries back OMR10 million project in Duqm
🇴🇲 Oman /Economy & Trade

Investors from 22 countries back OMR10 million project in Duqm

From Times of Oman · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The Special Economic Zone at Duqm (SEZAD) inaugurated the first phase of the Maysan Square Duqm – Residence project.
  • The mixed-use development has attracted investors from 22 countries, with total investments estimated at OMR10 million.
  • The first phase includes 104 residential and 130 commercial units, aiming to create a vibrant urban community.

The Special Economic Zone at Duqm (SEZAD) celebrated a significant milestone with the inauguration of the first phase of the Maysan Square Duqm – Residence project. This landmark mixed-use development has successfully drawn investors from 22 countries, pooling an estimated OMR10 million in total investments.

the project is the first integrated business district in the Special Economic Zone at Duqm.

— Sadiq JafferDescribing the significance of the Maysan Square Duqm – Residence project.

The initial phase features 104 residential units and 130 commercial units, marking a crucial step in Duqm's ongoing urban and economic expansion. Sadiq Jaffer, Chairman and CEO of Maysan Properties, highlighted the project as the first integrated business district in SEZAD. Spanning 122,000 square meters, the development is planned in multiple phases and will eventually encompass 20 buildings across residential, commercial, hospitality, and retail sectors.

the development as a qualitative leap for Duqm’s real estate sector, noting that it combines housing, commerce, hospitality and business facilities within a modern urban environment built to international standards.

— Sadiq JafferHighlighting the project's impact on the local real estate market.

Upon completion, the project is designed to offer 424 fully serviced residential units, fostering a dynamic urban community tailored to the needs of residents, businesses, and visitors. Jaffer described the development as a substantial advancement for Duqm's real estate sector, blending housing, commerce, hospitality, and business facilities within a contemporary urban setting built to international standards. The broad international investor participation underscores a growing global confidence in Duqm's investment potential and economic future, positioning the project as a modern landmark that reflects regional progress and supports Duqm's transformation into a key economic hub.

The strong participation of investors from 22 countries reflects growing international confidence in the investment potential and economic future of Duqm.

— Sadiq JafferCommenting on the international investor interest in the project.
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Originally published by Times of Oman. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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