The Government has big, big development plans for the area - a refinery, port, dry dock, coal fired power station, etc etc etc... So, those who bought lands there recently are looking good. Funnily enough, it seems many people in the Government had been buying land down there for quite a while. How lucky are they that it later happened to be a site for massive Government investment!
If you're into speculation and have the local contacts it may not be too late even now, especially if you're willing to wait a decade or so. [Big Hint: You might also think about buying some nice beach lands around Al Ashkharah, further up the coast, Get it now kids while you can...].
Duqm is also close to the recently moved and resized Oryx Reserve, and is close to the Huqf, a generally uninhabited area of considerable natural beauty.
With all this extra cash flowing in, the whole region seems to be like a giant version of Sim City.
Oman invites bids for Duqm airport
September 02. 2008 11:00PM UAE
Oman’s efforts to diversify its economy took another step forward yesterday when it invited bids to build an international airport at the coastal city of Duqm, 600km south of Muscat, which will support a host of tourism and industrial projects in the remote coastal area.
The airport, which will be the country’s third international hub after Muscat and Salalah, has an estimated project cost of $200 million (Dh734m).
“It’s difficult to say how much the airport would cost but the government has set aside a budget of around $100 to $200 million for this project,” a tender board official said yesterday.
An earlier construction phase of the airport project, covering the initial earthworks, was put out this summer and has already received 10 bids from construction firms from Oman, India, South Korea, Greece, Iran and Turkey. The lowest bid for this phase came in at $70 million from a local contractor, according to MEED Magazine.
The Government of Oman plans to inject vast sums of money into the Duqm region. The travel and tourism sector will be boosted by new hotels, resorts and public beaches along this coastal area. Last year, the Sultanate received 650,000 tourists throughout the country, including many on chartered tours from Europe, and it has outlined broad goals to increase that number dramatically over the coming years.
Under the development plans of Oman’s Supreme Committee for Town Planning, private developers are also set to build residential projects along Duqm’s coast.
The region will also one day be home to a large industrial and free trade zone in a bid to stimulate Oman’s trade and industrial sector. A total of 21,000 hectares has been allocated for industrial development at Duqm, including a refinery, petrochemical complex and fisheries facilities. The adjoining free trade zone is envisaged as taking up more than 1,000 hectares, according to local news reports.
At Ras Duqm, located seven kilometres from the town of Duqm, a new port will connect the region’s refineries and industrial plans.
Under the plans, the port complex will cover an area of 1.2 million square metres and handle bulk cargo ships of up to 100,000 tonnes. Repair facilities such as dry docks and floating repair docks are also planned to service the oil and gas tankers that regularly ply the Oman coast en route to the Strait of Hormuz and on to the Arabian Gulf.