{"id":5760,"date":"2025-10-25T15:10:00","date_gmt":"2025-10-25T11:10:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/duqm-thrives-10-billion-boost\/"},"modified":"2025-10-25T19:44:41","modified_gmt":"2025-10-25T15:44:41","slug":"duqm-thrives-10-billion-boost","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/duqm-thrives-10-billion-boost\/","title":{"rendered":"$10 Billion Investments in Duqm: Unlocking New Opportunities for Businesses in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 0%,rgba(220,38,38,0.35),transparent 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.15s}\r\n.hitv3sogbtn:hover{filter:brightness(1.15);transform:scale(1.04)}\r\n.hitv3sogbr{font-size:9px;color:rgba(255,255,255,.18);text-align:center;margin-top:5px;letter-spacing:.1em;text-transform:uppercase}\r\n\/* \u2500\u2500 Compact horizontal: 380\u2013599px (like 320\u00d7100) \u2500\u2500 *\/\r\n@container (min-width:380px) and (max-width:599px){\r\n  .hitv3soga{padding:12px 22px;gap:12px;min-height:100px}\r\n  .hitv3sogh{font-size:16px}\r\n  .hitv3sogs{display:none}\r\n  .hitv3sogbtn{padding:7px 16px;font-size:11px}\r\n}\r\n\/* \u2500\u2500 Mobile\/card: < 380px (like 300\u00d7250) \u2500\u2500 *\/\r\n@container (max-width:379px){\r\n  .hitv3soga{flex-direction:column;align-items:center;justify-content:space-between;min-height:260px;padding:22px 22px;gap:10px}\r\n  .hitv3sogc{align-items:center;text-align:center}\r\n  .hitv3sogh{font-size:22px;white-space:normal}\r\n  .hitv3sogs{font-size:11px;white-space:normal}\r\n  .hitv3sogbl{display:flex;align-self:center;text-align:left}\r\n  .hitv3sogbtn{width:100%;justify-content:center;padding:12px 20px}\r\n}\r\n\/* \u2500\u2500 Wide: >= 600px (leaderboard style) \u2500\u2500 *\/\r\n@container (min-width:600px){\r\n  .hitv3soga{min-height:90px}\r\n}\r\n<\/style><!-- HiT Land Banner \u2014 Container Query Responsive -->\r\n<div class=\"hitv3sogw\">\r\n<a class=\"hitv3soga\" href=\"https:\/\/hit.land\/services\/web-app-development\" target=\"_blank\" rel=\"noopener nofollow\" style=\"animation:hitv3sog-fadein 0.7s ease both;animation-delay:0s;\">\r\n  <div class=\"hitv3sogg1\" style=\"animation:hitv3sog-glow 3s ease-in-out infinite;\"><\/div>\r\n  <div class=\"hitv3sogg2\"><\/div>\r\n  <div class=\"hitv3soggl\" style=\"animation:hitv3sog-shimmer 3s ease-in-out infinite;\"><\/div>\r\n  \r\n  <div class=\"hitv3sogc\">\r\n    \r\n    <div style=\"display:inline-flex;align-self:flex-start;align-items:center;gap:6px;background:rgba(255,255,255,0.08);border:1px solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>MUSCAT:<\/strong> OQ, Oman\u2019s leading global energy investment company, is playing a pivotal role in the rapid development of the Special Economic Zone at Duqm (SEZAD), positioning it as a significant driver of industrial and economic growth in the nation. With cumulative investments exceeding <strong>$10 billion<\/strong>, OQ has established a comprehensive energy ecosystem in Duqm that encompasses refining, petrochemicals, storage, utilities, and global trade, redefining Oman\u2019s status on the international energy landscape.<\/p>\n<h3>OQ8: The Foundation of Duqm\u2019s Industrial Future<\/h3>\n<p>Central to this transformation is OQ8, a <strong>$9 billion<\/strong> joint venture between OQ and Kuwait Petroleum International (KPI). Featuring a refining capacity of <strong>255,000 barrels per day<\/strong>, OQ8 stands as one of Oman\u2019s largest and most sophisticated industrial assets. Since commencing full operations, it has successfully exported over <strong>560 shipments<\/strong> to international markets without any operational incidents, highlighting its commitment to safety and reliability.<\/p>\n<p>The refinery completed its Lenders Reliability Test (LRT) on its first attempt within ten months, showcasing exceptional technical performance and readiness for global competition. OQ8 has effectively established Duqm as a regional benchmark for efficiency, innovation, and sustainable industrial practices.<\/p>\n<h3>Ras Markaz: Oman\u2019s Energy Gateway to the World<\/h3>\n<p>Supporting OQ8&#8217;s operations, the Ras Markaz Crude Oil Storage Terminal, managed by Oman Tank Terminal Company (OTTCO) \u2014 a subsidiary of OQ \u2014 has emerged as a crucial global logistics hub. With a total storage capacity of <strong>26.7 million barrels<\/strong>, including <strong>5.2 million barrels<\/strong> designated for OQ8, the terminal is linked to the refinery via an <strong>80-km pipeline<\/strong>.<\/p>\n<p>Since starting operations in <strong>2023<\/strong>, OTTCO has handled over <strong>176 million barrels<\/strong> of crude oil through <strong>98 vessels<\/strong>, positioning Duqm at the intersection of regional and global energy trade. OTTCO has forged significant partnerships, notably with Royal Vopak of the Netherlands, to create a unified energy storage and export platform, as well as with Iraq\u2019s State Oil Marketing Organisation (SOMO) to develop a new integrated storage project at Ras Markaz. These collaborations further enhance Oman\u2019s status as a logistics and energy hub of international repute.<\/p>\n<h3>OQ Trading: Connecting Duqm to Global Markets<\/h3>\n<p>Completing OQ&#8217;s value chain, OQ Trading (OQT) serves as the Group\u2019s marketing and trading arm, managing the sale of OQ8 products and overseeing global energy flows. Operating from Muscat, London, and Singapore, OQT boosts the competitiveness of Omani oil and petroleum products while strengthening Oman\u2019s energy presence across Asia, Europe, and Africa.<\/p>\n<p>By leveraging strategic supply chain management and trading expertise, OQT integrates Duqm\u2019s production, storage, and export activities into a cohesive commercial system, translating operational efficiency into substantial national value.<\/p>\n<h3>Marafiq: Powering Industrial Growth Sustainably<\/h3>\n<p>Among OQ\u2019s key investments in Duqm, Marafiq serves as the essential utilities backbone of SEZAD. It operates a <strong>326 MW<\/strong> gas turbine power plant and a <strong>36,000 m\u00b3\/day<\/strong> desalination plant, ensuring a reliable supply of energy and water to OQ8 and adjacent industries.<\/p>\n<p>Since commencing commercial operations in <strong>March 2024<\/strong>, Marafiq has achieved <strong>100% operational readiness<\/strong>, delivering over <strong>85 GWh<\/strong> of electricity and <strong>710,000 m\u00b3<\/strong> of water. The company is also in the process of constructing seawater intake facilities with a capacity of <strong>1.4 million m\u00b3\/day<\/strong>. Additionally, OQ Gas Networks (OQGN) aids Duqm\u2019s industries with an <strong>80-km gas pipeline<\/strong> with a capacity of <strong>25 million m\u00b3\/day<\/strong>, guaranteeing a consistent energy supply for future growth.<\/p>\n<h3>Boosting Local Economy and In-Country Value<\/h3>\n<p>Beyond infrastructure development, OQ\u2019s investments have yielded significant economic and social benefits. Between <strong>January 2024 and June 2025<\/strong>, OQ and its partners generated <strong>$1.57 billion<\/strong> in In-Country Value (ICV), with over <strong>$1 billion<\/strong> allocated for local expenditures \u2014 accounting for <strong>64%<\/strong> of total spending. Investments in small and medium-sized enterprises (SMEs) exceeded <strong>$36 million<\/strong>, while <strong>$24 million<\/strong> was directed towards companies registered under Riyada, Oman\u2019s authority for small business development.<\/p>\n<p>This strong local engagement underscores OQ&#8217;s commitment to enhancing domestic supply chains, fostering entrepreneurship, and aligning with Oman Vision 2040 goals centered on economic diversification and industrial sustainability.<\/p>\n<h3>New Milestones Ahead<\/h3>\n<p>Looking to the future, OQ is poised to further expand Duqm\u2019s energy ecosystem. During the Duqm Economic Forum 2025, OTTCO and Royal Vopak plan to formalize a joint venture (with <strong>51% ownership to OTTCO and 49% to Vopak<\/strong>) to develop and operate new integrated storage facilities for energy products. This initiative will reinforce Duqm\u2019s position as a regional trading hub and a model for sustainable energy transition.<\/p>\n<p>Additionally, OQ will inaugurate the Oman Oil Top Loading Station, the first of its kind in Duqm, featuring a state-of-the-art top-loading system and biodiesel supply operations managed by an Omani SME.<\/p>\n<h3>Shaping Oman\u2019s Sustainable Future<\/h3>\n<p>Through a network of interconnected investments and partnerships, OQ has catalyzed Duqm\u2019s emergence as a global industrial and logistics powerhouse. By fostering innovation, supporting local enterprises, and ensuring operational excellence, OQ continues to craft a diversified, resilient, and future-ready Omani economy \u2014 one built on sustainability, knowledge, and shared national progress.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>OQ&#8217;s transformation of the <strong>Special Economic Zone at Duqm<\/strong> signals a robust opportunity for businesses, with over <strong>$10 billion in investments<\/strong> creating a dynamic industrial environment. This growth encourages smart investors to explore partnerships and leverage Duqm&#8217;s <strong>strategic position<\/strong> in global energy trade, while the emphasis on local supply chains presents both risks and rewards. <strong>Entrepreneurs should align their ventures<\/strong> with Oman&#8217;s vision for economic diversification and sustainability to capitalize on the burgeoning local market and opportunities in renewable energy.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OQ, Oman\u2019s global energy investment company, has transformed the Special Economic Zone at Duqm (SEZAD) into a hub for industrial growth, with investments exceeding $10 billion. The $9 billion OQ8 refinery, operational since 2023, exemplifies world-class safety and efficiency, marking Duqm as a key player in global energy markets.<\/p>\n","protected":false},"author":2,"featured_media":5761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[399,442,161],"class_list":["post-5760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-economic-development","tag-energy","tag-oman"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/10\/3169511.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=5760"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5760\/revisions"}],"predecessor-version":[{"id":5762,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5760\/revisions\/5762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/5761"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=5760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=5760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=5760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}