OPAZ
Organizes Investment Meeting for “Duqm Waterfront” Project

Muscat,
5 Oct 2026 (ONA) — The Public Authority for Special Economic Zones and Free
Zones (OPAZ) organized today an investment meeting for the “Duqm
Waterfront” project, reviewing the master plan, components, and investment
opportunities of the project before developers, investors, and operators, as part
of its participation in the Urban October Exhibition 2026 at Oman Convention
and Exhibition Centre.

The
meeting reviewed the key features of the project’s master plan, the nature of
the areas it covers, its components in the hospitality, residential,
commercial, and entertainment sectors, and the proposed vision for its phased
development. The meeting also included a visual presentation of the project,
followed by a discussion session with developers, investors, and operators on
investment opportunities, ways to participate in their development, market
needs, and requirements associated with project execution.

Eng.
Ahmed Ali Akaak, CEO of the Special Economic Zone at Duqm (SEZAD), stated that
the Duqm Waterfront project represents an extension of the integrated
development path witnessed by SEZAD, adding a new dimension to its investment
opportunities by developing a coastal destination that combines residential,
hospitality, commercial, entertainment, and tourism uses, thereby enhancing quality
of life and elevating Duqm’s attractiveness for investment, work, residence,
and visits.

He
added that through its participation in the Urban October Exhibition 2026, the
Authority seeks to open broader horizons for partnership with developers,
investors, and operators, and to introduce the opportunities offered by the
project, taking advantage of Duqm’s advanced infrastructure, strategic location
on the Arabian Sea, and connectivity with the airport, port, road network, and
existing economic and industrial projects.

He
pointed out that developing the Duqm Waterfront comes within a long-term vision
that considers the nature of the location and market needs, working to achieve
integration between urban development, economic activities, services, and
public facilities, thereby supporting the sustainable growth of the region and
boosting its contribution to economic diversification.

The
“Duqm Waterfront” project forms one of the most prominent projects
showcased at OPAZ’s pavilion at the exhibition, presenting the master plan,
components, and investment opportunities as a multi-use coastal destination
within SEZAD that combines residential, tourism, commercial, entertainment, and
cultural uses.

The
project’s master plan extends over an area of approximately 31 square
kilometers, with a waterfront length reaching nearly 15 kilometers on the
Arabian Sea, taking advantage of the site’s nature and its diverse terrain
encompassing beaches, rock formations, highlands, and sea views, enabling the
development of diverse and integrated zones and experiences.

The
project’s developmental vision includes hotels, resorts, and residential units,
alongside commercial, cultural, and entertainment facilities, marine
activities, and eco-tourism projects, in addition to public spaces, facilities,
and services that enhance quality of life and support Duqm’s growth as an
integrated city for business, residence, and tourism.

Upon
completion, the project is expected to feature more than 2,600 hotel
hospitality units, over 3,700 residential units, more than 63 thousand square
meters of commercial space, and cultural and entertainment facilities exceeding
1 million square meters in area, while the waterfront is projected to receive
approximately 370 thousand visitors annually by 2040.

The
Public Authority for Special Economic Zones and Free Zones is showcasing a
group of investment opportunities in real estate and urban development at its
exhibition pavilion, with the participation of Salalah Free Zone, Khazaen
Economic City, and Sohar Free Zone.

The
Authority’s participation comes as part of its efforts to highlight available
opportunities in the areas under its supervision, enhance direct communication
with developers, investors, and operators, and build partnerships that
contribute to developing qualitative and integrated projects, utilizing the
strategic locations, advanced infrastructure, and supportive investment
environment enjoyed by these regions.

It
is noteworthy that the Authority reviewed the master plan of the “Duqm
Waterfront” project before a group of developers and businessmen last
June, while its participation in the “Urban October Exhibition 2026”,
which continues through 8 October 2026, provides a broader platform to
introduce the project and its investment opportunities, and to explore
partnership prospects with developers, investors, and entities interested in
developing integrated urban destinations and projects.

—Ends/AG