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Duqm Free Zone Seeks Italian Investment

by Ulrika Lomas, Lowtax.net, Brussels
29 September, 2014

A delegation from the Duqm Special Economic Zone in Oman visited Rome to promote the zone's incentives to Italian investors between September 22 and 26, 2014.

The delegation, headed by Yahya bin Said bin Abdullah al Jabri, Chairman of the Special Economic Zone Authority of Duqm (SEZAD), hosted a seminar to highlight the investment climate in Oman, and the benefits of doing business in the zone.

These include zero percent personal income tax, duty-free sales to domestic and Gulf Cooperation Council markets, exemption from import and export duties, 100 percent foreign ownership, and free repatriation of profits and capital.

The seminar also introduced Italian entrepreneurs and investors to planned and completed projects in the free zone.

Bilateral trade between Oman and Italy reached approximately EUR576m (USD734m) last year, SEZAD said.

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