Marafiq Posts USD 600m Investments at SEZAD

Duqm, 12 Dec (ONA) --- Marafiq company, specialised in delivering various industrial services in the Special Economic Zone at Duqm (SEZAD), has implemented a number of strategic projects.

Eng. Abdullah Mohammed Al Hashimi, CEO of Marafiq said that Marafiq, which was established in 2013, aims to provide centralised utilities to SEZAD. The Company is a joint venture owned by OQ Group and Gulf Energy Development Corporation.

Al Hashimi added that Marafiq has spent almost USD 600 million to set up a comprehensive electricity and water plant, as well as to provide electricity and drinking water services to industrial, commercial and residential facilities in SEZAD.

Al Hashemi pointed out that Marafiq plays an important role in providing basic public services for major investments at SEZAD in a bid to ensure growth and prosperity for the region as a global trade centre.

He also said that the water transmission and distrubition project has been awarded to the fish industries zone at SEZAD. The total cost of the project is USD 6.5 million and it is expected to be finished by the end of 2023.

Moreover, Marafiq aims to provide reliable and efficient facilities and invest in the Oman human capital. It is also committed towards practicing sustainable and environmentally friendly operations.

Marafiq manages and operates a number of projects at SEZAD, including the Integrated Power and Water Plant, a gas turbine power plant and a project to produce, transport and distribute potable water at SEZAD.

Further, Marafiq’s objectives include meeting the growing demand for energy at Duqm, secure a more reliable and efficient source of energy, reduce the cost of power production and the cost of government subsidies for the sector. It also targets reducing annual carbon dioxide emissions by 90,000 tonnes, equivalent to the emissions of around 20,000 cars.

--- Ends/AG