Monday, September 27
10:49 AM

OPAZ board holds meeting

9 Dec 2020

The board of directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) held it’s first meeting on Wednesday, presided by H E Dr Ali bin Masoud al Sunaidy, at the OPAZ  headquarters.

The board of directors discussed OPAZ draft organisational structure, the statute and the legislations governing economic and free zones and reviewed ways of maximising the benefit of the competences granted to the authority to further enhance the level of the services of the One-Stop-Shop in the Special Economic Zones at Duqm (SEZAD) and the Free Zones of Salalah, Sohar and Al Mazyunah, according to a press release.

The board of directors decided to study to move forward with the procedures of converting the fishing port and the fishery industrial complex into a multi-national port and to turn the fishery industrial complex into food and fishery industrial complex. 

During the meeting, the board approved the negotiation mechanism for attracting projects that produce clean energy for local use and green hydrogen production projects in the Special Economic Zone at Duqm and Sohar Free Zone, in addition to increasing the area designated for the project by 50 sqkm to become 150 sqkm. Additionally, the board of directors approved selling Tatweer’s share in Duqm Quarries, a wholly-owned subsidiary of the Public Authority for Special Economic Zones and Free Zones, to Oman investment Authority in coordination with the relevant parties. 

The board of directors approved that the authority continues to work in accordance with the regulations governing the activities of the authority in the coming period and approved a number of change orders for tenders of ongoing projects. 

Furthermore, the board agreed to grant the International Marine Products Incorporation, a subsidiary of Oman Investment Authority to establish a fishing project at an approximated area of 100 thousand square meters, of which the implementation begins in the second half of 2021. 

 

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