Managing and operating the Port of Duqm, Oman
Rent-A-Port is together with the Port of Antwerp via the Consortium Antwerp Port company managing and operating the Port of Duqm in joint venture with the Omani Government.
Situated on the southeastern seaboard of the Sultanate of Oman, overlooking the Arabian Sea and the Indian Ocean beyond, Port of Duqm is fast becoming an important reality of the Middle East region’s rapidly transforming maritime landscape. With its deep draft, lengthy quay walls, and expansive basin, Port of Duqm has the trappings of a world-class, multipurpose commercial gateway. And as the principal anchor of a huge Special Economic Zone envisioned at Duqm, it also has the potential to develop into one of the Middle East’s largest ports over the long term.
At the heart of Port of Duqm’s appeal is its strategic geopolitical location, far removed from Strait of Hormuz and the Arabian Gulf. It is this advantageous location that the Omani government seeks to leverage as it sets out to position Duqm as a safe, stable and business-friendly destination for industrial and economic investment. Indeed, the Sultanate of Oman – and the Port of Duqm in particular – stand to reap the benefits of the country’s international reputation as an oasis of tranquility and standard-bearer of regional peace and reconciliation.
Underscoring Port of Duqm’s strategic importance is its planned development into an integrated, multimodal logistics hub, encompassing the maritime, road, air and rail modes of transportation. An airport is under construction at Duqm, while a proposed rail-based freight and passenger transportation network, will eventually link this industrial port city with the national rail system. Utilities and services are also modern, effectively providing investors with an unrivalled setting to do business. Free-trade agreements (FTAs) with Gulf Arab states, the United States, as well as a host of other nations, add to Oman’s investment appeal.
Port of Duqm lies under the management of Port of Duqm Company SAOC, an equal joint venture between the Omani Government and the Consortium Antwerp Port (CAP) (50:50). (Belgium), one of Europe’s largest hub ports. Under an agreement signed in April 2011, the joint venture has been granted a 28-year concession to co-invest, operate, manage and market the Port of Duqm. Also covered by its mandate is the responsibility for navigation within and around the port, as well as the wider bay of Masirah.