Major Deals in Energy, Logistics, and Tourism: How They Shape Investment Opportunities in Oman
Al Duqm, Oman – The Duqm Economic Forum 2025 commenced with the announcement of several landmark agreements that highlight Oman’s expanding role as a regional center for sustainable industries, logistics, and tourism.
The two-day forum brought together international investors, industry experts, and government officials to promote Duqm as a leading example of economic diversification and green growth.
A major development at the event was the signing of a strategic partnership between Oman Tank Terminal Company (OTTCO) and the Dutch multinational Royal Vopak. This collaboration will establish and operate advanced petroleum and chemical storage facilities within the Duqm Special Economic Zone, with plans to expand into green ammonia and hydrogen projects in the future. The partnership aims to boost Oman’s position as a global logistics hub while accelerating its transition to clean energy solutions.
Eng Salem bin Marhoon al Hashmi, CEO of OTTCO, described the agreement as a pivotal milestone for Duqm. “This strategic step reinforces Duqm’s status as a competitive global economic zone and supports the creation of an integrated energy ecosystem aligned with the worldwide shift to sustainable systems,” he stated. The joint venture will be structured with OTTCO holding a 51% stake and Vopak 49%, focusing on developing cutting-edge storage and export facilities to meet global energy demands.
In another significant move, Tanmia Energy Oman partnered with Japan’s Sumitomo Corporation to form a company dedicated to managing Oman’s energy supply chain, aiming to improve efficiency and sustainability in the sector.
Within the tourism and real estate domain, the Duqm Special Economic Zone Authority signed a memorandum of understanding (MoU) with Tatweer and Al Abrar Real Estate, a subsidiary of the Al Siyabi Group. This agreement targets the development of a comprehensive tourism, residential, and commercial complex to support urban growth and attract investors and visitors to Duqm.
Further supporting innovation, Marafiq Duqm entered a strategic agreement with the German University of Technology in Oman (GUtech). Marafiq will fund the construction of a social complex, while GUtech will apply advanced 3D printing technology for the building process and oversee its long-term operations.
Closing the first day of the forum, the Port of Duqm signed an MoU with Japan’s Nippon Yusen Line (NYK), a major shipping company, to enhance maritime transport cooperation and port infrastructure. This partnership is intended to strengthen the Port of Duqm’s role as a key maritime and logistics gateway linking regional and global trade routes.
Collectively, these agreements signify a major advancement in Duqm’s development into a diversified, innovation-driven, and internationally connected economic powerhouse.
Special Analysis by Omanet | Navigate Oman’s Market
The landmark agreements at the Duqm Economic Forum 2025 position Duqm as a strategic hub for sustainable industries, logistics, and tourism, signaling Oman’s accelerating shift towards economic diversification and green growth. For businesses and investors, this opens opportunities in clean energy, advanced logistics, and integrated real estate development, while emphasizing the need to align with global sustainability standards to capitalize on emerging markets. Smart investors should prioritize partnerships in renewable energy projects and innovation-driven infrastructure to leverage Duqm’s growing role in regional and global trade networks.
