OPAZ – Oman`s Public Authority for Special Economic Zones and Free Zones – participated in the Oman-Egypt Investment Forum for Real Estate and Tourism Development. The forum aimed to strengthen investment cooperation between both countries and explore opportunities in real estate development, tourism and industry. The OPAZ delegation included high ranking officials from individual special economic zones, free zones and industrial cities. Accordingly, this reflects the diversity of investment opportunities available across these zones in various economic sectors.
Variety Of Investments Available With Focus On Duqm Special Zone
OPAZ participation in the event is part of ongoing efforts to attract high-quality investments and explore opportunities for investment partnerships. During the forum, OPAZ showcased investment opportunities across SEZ`s with particular focus on Duqm Special Economic Zone. The presentation highlighted opportunities within Duqm’s coastal tourism masterplan, which offers promising prospects for real estate developers and investors. Additional projects include tourism and hospitality offerings, integrated tourism complexes, as well as related services and facilities. Furthermore, OPAZ also highlighted Duqm’s competitive advantages as one of Oman’s leading investment destinations including its vast land area. Further selling points include its strategic location and advanced infrastructure in addition to the range of incentives available to investors.
OPAZ Laws Permit Freehold Property Ownership For Foreigners
Oman`s Law of Special Economic Zones and Free Zones provides supportive legislative framework for real estate development projects within SEZ`s. Article 42 permits real estate developers to sell units within real estate development projects to non-Omanis on a freehold ownership basis. Article 40 also provides for granting non-Omani property owners and their first-degree relatives residency in the Sultanate of Oman.
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