Prime Highlights:
- Bahrain-based Investcorp invests $550m to develop strategic infrastructure within Oman’s Port of Duqm, enhancing regional trade capacity.
- Low-carbon steel manufacturing using green infrastructure that is aligned with Oman’s industrial vision is part of the project.
Key Facts:
- Being developed by Investcorp Aberdeen Infrastructure Partners (AIIP) and Cap Infra consortium.
- The investment includes dredging and quay wall works to enable green industrial growth within Duqm.
Key Background
Bahraini Investcorp, its infrastructure arm Investcorp Aberdeen Infrastructure Partners (AIIP), has invested $550 million in huge infra deal at Oman’s Port of Duqm. The investment is a strategic move by Investcorp into the industrial and sustainable growth business of the region. AIIP is the UK-based company which has collaborated with the Cap Infra group that includes the Port of Duqm Company, DEME Group of Belgium, and Port of Antwerp-Bruges.
The text will be utilized to fund the development and preparation of the Port of Duqm, a regionally strategic port on Oman’s southeastern seaboard directly linked with the Indian Ocean and international shipping lanes. The port shall be at the centre of Oman’s vision to become a world industrial and logistics hub. It involves a crucial infrastructure development like dredging access channels and building a 1.2-kilometre quay wall for facilitating future industrial development.
At the core of the development is the establishment of a low-carbon industrial complex in Duqm’s Special Economic Zone. The facility will be one with specialized production of lower-carbon iron metallics and will be one developed to be a green steel-making facility with hydrogen as the base. All these developments follow the global push towards sustainability and Oman’s diversification economic initiative.
This is AIIP’s fourth major infrastructure project in the GCC, following earlier ones in Saudi Arabia and the UAE. This investment at Duqm not only testifies to Investcorp’s growing footprint in the infrastructure business across the region but also underscores its commitment to sustainable, long-term growth. The venture is a vision strategy of leveraging the region’s growing demand for advanced industrial infrastructure and clean energy solutions, AIIP leaders believe.
Read More: Dr Marian Khatib Leads Region With First Robotic Assisted Mastectomy
