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OMAN DRYDOCK PLANS TO EXPAND ACTIVITIES IN DUQM.

Oman Drydock Company, which operates one of the best drydocks in the region, is planning to expand its activities in Duqm, according to Said bin Hamoud al Ma'awali, chief executive officer of the company.

In an interview published in Duqm Economic magazine by the Special Economic Zone Authority at Duqm (SEZAD), Ma'awali said, 'The plan of the company until 2040 includes increasing the number of its activities from about three to 11.

The new activities include: Construction and repair of offshore platforms for oil production, manufacturing of steel structures used in oil fields, repairing of warships, manufacturing specialised vessels such as large sea fishing vessels, towing boats, maintenance and repair of large yachts, and converting vessels from one use to another.'

He said that if the company is able to implement this plan, the level of activity in the drydock will increase by about ten times, which could create 9,000 direct jobs and other 9,000 indirect jobs, as well as increasing the level of economic activity of the drydock to about US$500mn per year.

He pointed out that Oman Drydock does not wish to undertake the implementation of all these new activities itself but in partnership with the private sector.

Ma'awali further said that the company's short-term plan until 2020 includes continuing to repair ships of various types and sizes, start building of ships and oil platforms, continue the Omanisation plan and provide technical support to transport companies and companies related to logistics sector.

He added that the number of vessels repaired by Oman Drydock amounted to more than 580 vessels and affirmed that the company's ambition is to repair 200 ships annually by 2021.

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Publication:Muscat Daily (Muscat, Oman)
Geographic Code:7OMAN
Date:Jul 30, 2018
Words:328
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