Oman,
Kuwait Fund Sign RO 12.4m Financing Agreement for Duqm Internal Roads Project

Muscat,
27 Jan 2026 (ONA) — The Sultanate of Oman today signed a financing agreement
with the Kuwait Fund for Arab Economic Development to contribute to the
financing of the second phase of the internal roads project in the Special
Economic Zone at Duqm (SEZAD).

The
agreement was signed on behalf of the Government of the Sultanate of Oman by Sultan
Salim Al Habsi, Minister of Finance, while Waleed Shamlan Al-Bahar, Acting
Director General of the Kuwait Fund for Arab Economic Development, signed on
behalf of the Fund.

The
project aims to support economic and social development efforts in the Special
Economic Zone at Duqm, develop residential schemes, and provide associated
facilities and amenities to facilitate transport movement within the plots
designated for citizens. The scope of the project includes the development of
main and secondary road networks through the paving of internal roads in the
First and Second Residential Areas and the Industrial Area. Additionally, the
project encompasses the implementation of associated infrastructure, such as
storm water drainage systems and traffic safety equipment, as well as
consultancy services and the relocation of existing utilities.

The
implementation of this project is part of a broader effort to enhance the
transport system within SEZAD, ensure smooth transit between residential and
industrial areas, and create an advanced urban environment that keeps pace with
the region’s rapid economic growth, in line with the strategic objectives of
Oman Vision 2040.

Eng.
Ahmed Hassan Al Dheeb, Vice Chairman of the Public Authority for Special
Economic Zones and Free Zones (OPAZ), stated that the agreement pertains to
financing the second phase of the internal roads project in the commercial
district of the Sai district. He confirmed that the Authority has completed all
project components, including the preparation of plans and tendering methods,
and that technical analysis is currently underway for the bids submitted to
execute the project.

For
his part, Waleed Shamlan Al-Bahar, Acting Director General of the Kuwait Fund
for Arab Economic Development, explained that the financing for the
implementation of the second phase of the internal roads project in the Special
Economic Zone at Duqm amounts to approximately RO 12.4 million.

The
signing ceremony was attended by Qais Mohammed Al Yousef, Chairman of the
Public Authority for Special Economic Zones and Free Zones.

—Ends/AG