Diplomatic World_69

through different venues, where we have introduced different
clauses and articles in the new Governance framework to
achieve that goal such as:
• In the Investment Manual: no new investments are to exceed
40 percent of SOE ownership, and the rest has to come from
private investors whether local or international.
• OIA announced its Divestment plan and its intention to
divest up to 100 percent of ownership in some cases with
the aim to empower the private sector and allow them to
contribute more to the economy.
WHAT ARE THE MOST PROMISING SECTORS FOR
FOREIGN INVESTORS?
Those sectors that support the diversification plan, which is
aligned with Oman 2040 vision, namely:
• Tourism
• Food, Agri and Aquaculture
• Logistics
• Mining
• Renewable Energy
HOW IS OIA APPROACHING THE ISSUE CLIMATE
CHANGE?
OIA has been actively investing through our various asset classes
and subsidiaries in Environmental, Social and Governance (ESG)
projects notably as it relates to energy transition and food sustainability.
In addition, as part of the Governance framework, OIA is in the
process of launching an ESG framework – in alignment with relevant
stakeholders – for OIA and its related companies to ensure
all are ESG compliant.
Moreover, OIA is a member of several committees that are working
to address climate change and implement recommendations
to achieve the environmental goals of Vision 2040.
H.E. DR. ALI BIN MASOUD AL SUNAIDY
CHAIRMAN
PUBLIC AUTHORITY FOR SPECIAL ECONOMIC
ZONES AND FREE ZONES OF OMAN
The port of Duqm is currently applying the final touches; we are
doing the last job that we have to do, installing four 5G-enabled
giant cranes to handle the world’s largest container ships. This
technology has not been used before in our ports. 5G, of course,
would allow us to be very efficient and it would allow us to also
have our own young, talented men and women to operate those.
In parallel, negotiations are ongoing to finalize the container terminal
operator. This will happen before the end of the year.
Oman has big ambitions to turn the port of Duqm into a major
low-carbon green hydrogen and green ammonia production and
export hub. And this will be a game changer because the port
of Duqm sits within the Duqm Special Economic Zone, 2,000
square kilometres of land. Within that area, we have reserved
about 250 square km for the development renewable energy:
wind and solar. And Belgium’s DEME (a world leader in the highly
specialised fields of dredging, land reclamation, marine infrastructure,
offshore energy and environmental remediation) is a
Muscat Opera House
Photo: Shutterstock
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