CAP, Sultanate of Oman Ink Duqm Port Concession Agreement
- Business & Finance
With the signing of the concession agreement between Consortium Antwerp Port (CAP) and the Sultanate of Oman to operate, develop and manage the Port of Duqm and its industrial land for the next 28 years, the Porf of Duqm Company reaches its second milestone. The agreement was signed in the presence of HRH Princess Astrid of Belgium.
On the 29th of June 2009, the Omani government and CAP signed a first agreement to manage and operate Duqm port. The agreement was the outcome of a granting procedure organised by the Oman Government.
CAP, a joint venture between Rent A Port (RAP) and Port of Antwerp International (PAI), was granted the contract due to its track record in port development and its engineering capacity.
Back in 2009, the development of the Port of Duqm was not yet been completed and CAP controlled and supervised the final infrastructure works done by the Consortium C.C.C. /STFA and Jan De Nul. These were finalised in 2012 and are an example of top engineering..
This was the basis for the establishment of the Port of Duqm Company (PDC), a 50-50 Belgian-Omani joint venture between CAP and the Sultanate of Oman. With this agreement PDC has the overall responsibility for the further development, management and commercialisation of the Duqm Port facilities, including the industrial land zone.
Press Release, March 21, 2014