Dubai: Bahrain-based investment firm Investcorp has announced a major commitment of $550 million to a strategic infrastructure project at Oman’s Port of Duqm, through its dedicated platform, Investcorp Aberdeen Infrastructure Partners (AIIP).
The investment will be executed in partnership with key stakeholders, including the Port of Duqm Company, the DEME Group, and Port of Antwerp-Bruges, collectively forming the Cap Infra consortium. This marks AIIP’s fourth major infrastructure investment, following previous ventures in the UAE and Saudi Arabia.
“This investment aligns perfectly with AIIP’s mandate to support long-term infrastructure concessions across the GCC and MENA region,” said Sami Neffati, Managing Partner of Investcorp Aberdeen Infrastructure Partners. “We are proud to partner with the Port of Duqm Company and Cap Infra to expand this vital shipping hub and strengthen trade connectivity throughout the region.”
Located in southeastern Oman with direct access to the Indian Ocean, the Port of Duqm serves as a critical gateway for international trade. Operating as a multi-purpose hub, the port handles a diverse range of cargo, including containers, dry and liquid bulk, and general freight.
Key Infrastructure Developments
The new investment will fund major marine infrastructure upgrades, including dredging operations and the construction of a new quay wall. These enhancements are designed to support the establishment of a low-carbon industrial plant within the Special Economic Zone at Duqm (SEZAD).
The plant is set to produce low-CO2 iron metallics and, in later phases, hydrogen-powered green steel, aligning with Oman’s broader vision for sustainable industrial development and energy transition.
With this landmark project, Investcorp continues to deepen its presence in regional infrastructure, underscoring confidence in the GCC’s economic transformation and long-term development goals.
