DUQM: The ‘Duqm Now’ forum, held in Muscat, highlighted the promising investment opportunities available for small and medium-sized enterprises (SMEs) in the renewable energy sector within the Special Economic Zone at Duqm (SEZAD). Participants emphasized the growing potential for SMEs to contribute to the energy transition, particularly in renewable energy, through various innovative projects and business ventures. This aligns with Oman’s broader goals of diversifying its economy and advancing sustainable energy solutions.
The forum explored how SMEs can play a crucial role in the development of the renewable energy sector by engaging in projects related to solar, wind, and other green technologies. By leveraging the natural resources and the strategic location of Duqm, businesses can tap into a rapidly growing market, not only within Oman but also within the wider regional and international contexts. This sector presents a unique opportunity for SMEs to establish themselves as key players in the green economy.
Additionally, Duqm’s Special Economic Zone provides numerous incentives, such as tax exemptions, infrastructure support, and streamlined regulatory procedures, to attract investments in the renewable energy sector. SMEs can take advantage of these incentives to reduce initial capital costs and ensure the viability of their ventures. The supportive ecosystem makes Duqm an ideal location for businesses looking to enter the renewable energy market while contributing to the sustainable development of the country.
Furthermore, the forum emphasized the importance of collaboration between the government, private sector, and international stakeholders in driving growth in the renewable energy industry. By fostering partnerships, Duqm can become a hub for innovative solutions and technologies in the energy sector. The event provided an excellent platform for SMEs to network, learn from industry leaders, and explore potential collaborations to seize the opportunities that the renewable energy sector presents.
