Sultanate’s logistics position focus of many meetings at China-Arab expo

Dubai - 

Oman’s growing trade and investment ties with China have taken another step forward after the sultanate’s participation in the China-Arab Expo held in Yinchuan, Trade Arabia said.

In a report published on Tuesday, Trade Arabia affirmed that the sultanate’s position as a logistics hub and the steady growth of the Special Economic Zone of Duqm (SEZD) were the focus of many meetings in Yinchuan. It said that this was an opportunity to organise meetings between Omani businessmen and their counterparts from China.

It added that 35 diversified investments have been allocated in SEZD, including heavy industries, chemicals, petrochemicals, refining, manufacturing, assembly, energy and water, in addition to the renewable energy sources for the Duqm Industrial Park.

Investments in the first phase of the industrial complex are expected to hit US$10.7bn. Trade Arabia said Oman’s participation in Yinchuan also drew Oman’s attention to a new generation of Chinese business investors.

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