Investcorp, through its dedicated infrastructure platform Investcorp Aberdeen Infrastructure Partners, is set to invest $550 million in an infrastructure project at Oman's Port of Duqm. This investment is the fourth commitment by Investcorp Aberdeen Infrastructure Partners and aims to support long-term concessions in the GCC and MENA region. The Port of Duqm, strategically located at Oman's south-east with access to the Indian Ocean, plays a vital role in global trade. The investment will involve the construction of a new quay wall and dredging activities to support a low-carbon industrial plant within the Special Economic Zone at Duqm. This plant will focus on producing low CO2 iron metallics and eventually shift to manufacturing hydrogen-powered steel, also known as 'green steel.' The initiative aligns with Oman's Vision 2040 and the target of achieving carbon neutrality by 2050. The partnership between Investcorp, the Port of Duqm Company, the DEME Group, and Port of Antwerp Bruges will lead to the expansion of this strategic shipping hub, further securing trading routes in the region. The project highlights the potential for sustainable development and growth in the infrastructure sector, supporting Oman's transition towards cleaner and more efficient industrial practices.