Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has revealed a comprehensive master plan to redevelop the Duqm waterfront. The project seeks to significantly boost tourism and attract both domestic and foreign investment to the region. The plan encompasses a range of developments including hotels, retail spaces, and recreational facilities along the coastline. OPAZ officials state the waterfront will be a key component of Duqm’s growth as a major economic hub. The initiative is expected to create numerous job opportunities and diversify Oman’s economy beyond oil. Further details regarding the project’s timeline and specific investment opportunities are anticipated in the coming months. The development aligns with Oman’s broader Vision 2040 strategy for economic diversification and sustainable growth.
