04/05/2016 08:04 AST

An integrated logistics centre will be developed by Truck Oman Projects and Oilfield Services Company, a group company of Truck Oman.

The Special Economic Zone Authority Duqm (Sezad) and Truck Oman Projects have signed an agreement for the right to use land for building the facility, which include awarehouse, maintenance workshop and storage areas for equipment and machineries for oil and gas fields. The agreement was by Yahya bin Said Abdullah Al Jabri, chairman of Sezad and Dr Mohammed Moosa Al Yousuf, chairman of Truck Oman.

The project will be built over an area of 23,000 square metres in the logistics area, which is considered one of the main areas for investment in the Special Economic Zone, Duqm, which has already witnessed over the past years signing of a number of land use agreements with local and foreign investors.

Truck Oman Projects and Oilfield Services was promoted by Truck Oman Group for the management of its new project in the special economic zone at Duqm.

The group said it hopes that the new company will support the plans and policies of economic diversification, thereby providing job opportunities to the local workforce in these areas. The project aims to provide logistics management solutions of various kinds, to meet all the needs of customers, such as management of transport, supporting and controlling the traffic movement, management of vehicles and equipment movement data during the hours of work in the field.

Truck Oman group said that it has selected the special economic zone, Duqm to construct an integrated centre for logistics due to the strategic location of the area, overlooking the Indian Ocean. The area is considered to help economic diversification and will become an integrated economic centre serving the Omani economy from the perspective of economic diversification and will serve the Al Wusta region from the developmental perspective. Special economic zone at Duqm has been selected as one of the centres of Truck Oman to expand its logistics services network and link to the other group centers in the Sultanate, particularly in Nimr, Marmul, Haima and Salalah.


Times of Oman

Ticker Price Volume
SABIC 114.77 5,915,941
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula