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Wednesday, 08 July 2015

PDC to award Port of Duqm tender by end of year

Officials from Omans Port of Duqm expect to award the tender for upgrade work at the site by the end of this year as part of plans to reach capacity of 3.5 million TEU per annum by 2017.

“We want to award (the tender) in the second half of 2015, with the start of operation and construction generally in 2016,” Reggy Vermeulen, chief executive officer of Port of Duqm Company, said in comments to local news agency, Times of Oman.

The winning firm or consortium will develop a new commercial berth, container terminal, multi-cargo terminal and mineral terminal.

The PDC is a joint venture between the government of Oman and Belgiums Consortium Antwerp Port (CAP) and follows a formal concession agreement signed last year by the Antwerp consortium to operate, develop and manage the Port of Duqm and its industrial land for the next 28 years.

Consortium Antwerp Port (CAP) is itself a joint venture between Rent-A-Port (RAP) and Port of Antwerp International (PAI), and the group has previously stated its aims to “establish Duqm as a petrochemical key hub in the region with a focus on the Middle-East, Indian and West African markets.”

This strategy has largely met with success to date as the Port of Duqm has attracted a steady traffic to its newly built multipurpose port.

“Our maximum capacity today would be handling of 250,000 containers a year. That is today, but when fully finished after the realisation of the tender, it will be 3.5 million, Vermeulen explained.

The port’s proximity to Omani oil and gas fields has allowed it to grow as a key gateway for the region and its 9.6km breakwater and approach channel draught of 19 metres has also allowed it to attract the largest modern vessels up to 150,000 DWT.

“PAI levers the port’s international connectivity and allows us to detect business opportunities at an early stage,” said Marc Van Peel, Antwerp Port Authority chairman, adding that the site  was  a focus for “international investments and to stimulate new flows of goods”


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