Iraqi trade delegation explores investment opportunities in Oman’s Duqm

MUSCAT : Eng. Ahmed bin Ali Akaak, CEO of SEZD, provided the delegation with an overview of the region’s major investment projects, highlighting incentives available to investors. He revealed that SEZD has successfully attracted over RO 6 billion in investments across key sectors, including Duqm Refinery, Duqm Port, the Dry Dock, and the Ras Markaz oil storage station. He emphasized that government-backed investments have played a crucial role in encouraging both local and international companies to establish a presence in Duqm.

Welcoming Iraqi investors, Akaak pointed out significant opportunities in industrial, commercial, and tourism sectors, noting that Duqm is emerging as a major hub for renewable energy, green industries, and green iron production. He stressed that international companies’ interest in SEZD is further boosting business prospects and creating new avenues for local and regional enterprises.

Dr. Al-Najjar highlighted the potential for stronger economic cooperation between Iraqi and Omani businesses, calling for greater trade partnerships. He acknowledged the impressive scale of development in Duqm and invited Omani companies to explore investment prospects in Iraq as well.
During their tour, the Iraqi delegation was briefed on several flagship projects within SEZD, including:

Karwa Automobile Factory

Crude Oil Storage Station in Ras Markaz

Marafiq Company

Petroleum Derivatives Export Station at Duqm Port

Both sides also discussed sharing expertise on economic zone development, joint investment opportunities, and cooperation in petrochemicals and oil storage.