The opening of “Duqm Material Market” marks a significant milestone in the development of the China-Oman Industrial City in Duqm. With an investment cost of RO 7.5 million, this project covers an area of 32,000 square meters and has been established through a partnership between Chinese company Wanfang, Al Thabat Holding Company (Oman), and Duqm Development Company. The market offers a wide range of building materials, electrical appliances, luxury items, and even showcases Chinese cars. Additionally, the compound includes converting units that facilitate the manufacturing process for companies, making it a hub for various industries.
This new material market at the Special Economic Zone at Duqm will play a crucial role in boosting economic activities in the region. By offering a diverse range of products and manufacturing facilities, it is expected to attract both local and international businesses looking to establish a presence in the growing industrial city. The presence of Chinese companies like Wanfang in the project highlights the strong economic ties between China and Oman, as well as the commitment to further collaboration and investment in the region. This strategic partnership is set to bring numerous benefits to both countries and contribute to the overall development of Duqm.
The location of the market within the China-Oman Industrial City in Duqm provides strategic advantages for businesses operating in the area. Duqm has quickly emerged as a key player in Oman’s economic landscape, offering a conducive environment for industrial and commercial activities. The Special Economic Zone at Duqm, where the market is located, provides various incentives and facilities to attract investment and promote economic growth. With its modern infrastructure, world-class facilities, and strategic location, Duqm is well-positioned to become a major hub for trade and commerce in the region.
In addition to its commercial significance, the opening of “Duqm Material Market” also highlights the commitment to sustainable development and environmental responsibility. The market is expected to adhere to stringent standards in terms of product quality, safety, and environmental regulations. By promoting the use of eco-friendly materials and sustainable practices, the project aims to contribute to the preservation of the environment and natural resources in the region. This focus on sustainability aligns with the broader goals of the China-Oman Industrial City and reflects a shared commitment to responsible economic development.
As “Duqm Material Market” becomes fully operational, it is expected to create numerous job opportunities and support the local economy in Duqm. The inclusion of manufacturing facilities within the compound will further stimulate industrial activities and encourage innovation in various sectors. The market’s diverse product offerings and convenient location are likely to attract a wide range of customers, including businesses and individual consumers. By becoming a key destination for building materials, electronics, luxury items, and more, the market is poised to become a vibrant commercial hub in the region.
Overall, the inauguration of “Duqm Material Market” represents a significant step forward in the development of the China-Oman Industrial City and the broader economic landscape of Duqm. Through strategic partnerships, investment in modern infrastructure, and a commitment to sustainability, the project is poised to drive economic growth, create employment opportunities, and enhance the region’s competitiveness. As businesses and consumers flock to the market, it is expected to become a key player in the burgeoning industrial city, contributing to its success and further solidifying Duqm’s reputation as a dynamic hub for trade, commerce, and innovation.
