Investcorp Partners in $550M Infrastructure Project in Port of Duqm, Oman
Key Ideas
- Investcorp's infrastructure platform signs agreement to invest $550 million in Port of Duqm project in Oman.
- The project includes the construction of a low-carbon industrial plant aiming to produce hydrogen-powered green steel.
- The investment aligns with Oman's Vision 2040 and its commitment to sustainable infrastructure development.
- Partnership with Port of Duqm Company and CAP INFRA reflects confidence in the region's infrastructure prospects and sustainable industry advancements.
Investcorp, a prominent global investment firm based in Bahrain, has announced a significant partnership to invest in a $550 million infrastructure project in the Port of Duqm, Oman. This venture, undertaken by Investcorp Aberdeen Infrastructure Partners (AIIP), signifies a commitment to long-term concessions in the GCC countries and the MENA region. The Port of Duqm serves as a pivotal trade gateway with plans for expansion and the establishment of a green steel plant to produce hydrogen-powered steel, in line with Oman's Vision 2040. The partnership with CAP INFRA and the Port of Duqm Company demonstrates a strategic move towards sustainable infrastructure development and supporting the country's economic goals. The investment not only enhances trading routes but also contributes to Oman's vision of achieving carbon neutrality by 2050. This collaboration showcases international confidence in the growth potential of the region and the Port of Duqm's future as a key player in sustainable industry initiatives.
Topics
Projects
Infrastructure
Sustainability
Investment
Economic Development
Partnership
Steel Production
Global Trade
Vision 2040
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