The Public Authority for Special Economic Zones and Free Zones (OPAZ) on Tuesday entered into an agreement with Sabeen Group for the construction of a multi-million rial centre in the Special Economic Zone at Duqm.
According to a statement, the agreement signed at the premises of the Special Economic Zone at Duqm by Eng Yahya Khamis al Zedjali, in charge of managing the operations of the Special Economic Zone at Duqm, and Khalid Said al Nabhani, CEO of Sabeen Investment Company, paves the way for a commercial-entertainment centre to be constructed over an area of 10,500sqm at a cost of RO5mn.
In the first phase of the project, different facilities, such as cinemas, virtual reality games, and an indoor golf course, as well as restaurants, shops with local, regional and international brands will be ready for the centre.
The second phase will be developed at a later stage to introduce a 4-star hotel, residential and commercial buildings to provide integrated services to visitors, the statement said.
Commenting on the project, Ali Shihab al Din al Mashhour, chairman of Sabeen Investment Group, said, “The centre is strategically located at the centre of the Special Economic Zone at Duqm (SEZAD)”, which is “close to the airport, Port of Duqm and other government and private projects in the Zone”.
“Construction of the entertainment centre will be completed between 12-18 months after obtaining all permits and approvals from the concerned authorities while the total value of the project is around RO5mn.”
Eng Zedjali confirmed that this project comes in line with the efforts of the Public Authority for Special Economic Zones and Free Zones to attract local investors and encourage them to invest in the zone.
Additionally, the project reflects the confidence of Omani investors in the SEZAD and its rapid growth and advantages, in addition to the services and facilities offered to investors.
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