The Public Authority for Special Economic Zones and Free Zones (OPAZ) presented a key paper during the recent Duqm Forum, focusing on promoting investments in the blue economy in Oman. The paper outlined investment policies and plans to develop the blue economy, including projects in the Special Economic Zone at Duqm SEZAD. OPAZ highlighted projects such as the Al Wusta Fisheries project, Simak fish canning project, and fish farming project, while also encouraging sustainable investments in marine aquaculture, renewable energy, and water resource management.
One of the key focuses of the paper was on stimulating innovation by establishing research and development centers to support marine technology and sustainable fishing techniques. OPAZ aims to improve quality control systems in order to increase efficiency and sustainability in utilizing marine resources. The Authority is also working on improving marine and logistical infrastructure, upgrading ports and facilities to support transportation and trade activities related to the blue economy. This upgrade is essential for attracting investments and enhancing operational efficiency in the sector.
In terms of environmental policies, OPAZ is committed to preserving marine biodiversity and reducing pollution. The Authority has set stringent environmental standards to ensure economic activities remain sustainable while protecting the marine environment. Additionally, OPAZ is focusing on training and awareness initiatives, organizing programs to raise awareness about the importance of the blue economy and train local communities in sustainable fishing methods. These efforts aim to build local capacities in the sector and enhance awareness among stakeholders.
The paper also discussed OPAZ’s role in improving legal policies governing marine activities, emphasizing the importance of updating legal frameworks to ensure the sustainability of economic activities in the blue economy. This ensures long-term sustainable development and economic growth in the sector. OPAZ’s efforts in developing special economic zones and free zones have made them major investment attraction hubs, thanks to tax incentives and a flexible legal environment. These zones have contributed to economic diversification and the development of new sectors such as renewable energy, green hydrogen, technology, and innovation.
In conclusion, OPAZ’s paper at the Duqm Forum highlighted the Authority’s commitment to promoting investments in the blue economy and supporting sustainable economic growth in Oman. The initiatives outlined in the paper, including investment projects, innovation stimulation, infrastructure improvements, environmental policies, and training programs, all contribute to the development and sustainability of the blue economy. OPAZ’s focus on attracting investments, enhancing operational efficiency, and preserving the marine environment sets a strong foundation for the growth of the blue economy in Oman and the region.
