Friday, February 12, 2010

Duqm port will be ready by 2012

Ahmed bin Abdulnabi Macki, minister of national economy and deputy chairman of the Financial Affairs and Energy Resources Council, received in his office yesterday a delegation led by Maria van Der Hoven, Dutch minister of economic affairs.

During the meeting, the two sides discussed investment and trade cooperation between the two countries, the Sultanate government efforts to materialise the goals of Oman Vision 2020 and development plans and programmes.

Macki said that the existing cooperation between Rotterdam Port and Sohar Port has become a model for developing the existing trade and investment cooperation.

While pointing out that the Sultanate strives to increase its investments in infrastructure projects especially in marine, land and air transportation sectors, Macki stated that Al Duqm port will be one of the major projects in the region.

While the project is expected be complete by 2012, the dry dock will be ready by the end this year. The minister of national economy explained that the Sultanate’s investment in air transportation includes the development of Muscat International Airport, Salalah Airport and the construction of a number of domestic airports.

They also include the construction of roads in different regions of the Sultanate. He affirmed that these projects will contribute to developing various sectors of the Omani economy.

Macki stressed that the impact of global financial meltdown in the Sultanate and the region was evident in terms of low oil prices, but such crisis has had no impact on the banking institutions in the country, thanks to the wise monetary and financial policies adopted by the Sultanate's government. The Sultanate has ample liquidity.

Maria van Der Hoven, the Dutch minister of economic affairs, said that the existing cooperation between Sohar port and Rotterdam port is an achievement that stresses the importance of the Sultanate's status as a marine hub in the region.

Source : Oman Drydock
Date: 21 January 2010

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