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bank muscat supports conference on Duqm Special Economic Zone

MUSCAT, 27 April 2013 – Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to national development initiatives, has extended support as strategic partner to a high profile conference highlighting the ‘GCC Investment Prospects at Duqm Special Economic Zone’.

The 2-day conference organised by the Special Economic Zone Authority at Duqm (SEZAD) in collaboration with the Oman Chamber of Commerce and Industry on 30 April and 1 May is aimed at spotlighting the rich investment opportunities available at Duqm and prominently position it on the GCC investment map. Senior GCC investment officials and investors will attend the conference to identify new investment and business opportunities, resulting in a boost for the Sultanate’s economy.

AbdulRazak Ali Issa, Chief Executive, said: “Bank Muscat is proud to support the conference aimed at achieving results in line with Oman's Vision 2020 economic blueprint. As the leading bank in Oman, Bank Muscat recognises the investment prospects that Duqm offers and is pleased to support the conference to identify opportunities as well as to offer a unique networking platform for business leaders and investors. Bank Muscat is in a unique position as one of the few banks in the region with a pan-GCC footprint to facilitate investment and project finance transactions.

AbdulRazak Ali Issa added: “The support to the conference comes as part of the bank’s endeavours to share experience and facilitate collaboration opportunities, highlighting the investment opportunities in Duqm stemming from its strategic location. The conference will serve immensely beneficial for participants to gain a clear understanding of business and investment opportunities in Oman.”

The conference will focus on opportunities in infrastructure, engineering, construction, logistics, real estate, port and transport sectors. The deliberations will cover policy issues, investment framework, tax benefits and business opportunities in Duqm Special Economic Zone, highlighting its regional significance at the GCC and world levels. Prominent speakers will address the conference which will also serves as an excellent platform for business-to-business networking. The conference participants will visit Duqm and have a hands-on experience of the strategic projects currently under way there, including Duqm Port, dry dock facilities, new airport, new refinery and upcoming tourism and Duqm city development.