Investcorp Invests $550M in Oman’s Port of Duqm Infrastructure

Post by : Layla Badr

Investcorp, an investment company from Bahrain, is going to put $550 million into a big infrastructure project at the Port of Duqm in Oman. This money will come through Investcorp’s special platform for infrastructure investments.

Investcorp Aberdeen Infrastructure Partners, which is a joint business between Investcorp and a company called Aberdeen plc, will be one of the owners of the project. They will work together with the Port of Duqm Company, the DEME Group, and the Port of Antwerp Bruges.

In a statement, Investcorp said this investment fits well with their plan to put money into long-term projects across Gulf countries and the Middle East and North Africa (MENA) region.

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This will be the fourth big project for Investcorp Aberdeen Infrastructure Partners. Before this, they took part in ADNOC’s Project Wave in the UAE and two other projects in Saudi Arabia focused on social and public services.

Mohammed Alardhi, the Executive Chairman of Investcorp, said, “We are happy to invest not only in one of Oman’s largest infrastructure projects but also support Oman’s Vision 2040. This vision aims to make the country carbon neutral by 2050, which means reducing harmful emissions to protect the environment.”

The Port of Duqm is located in the south-east of Oman and has direct access to the Indian Ocean. It is an important place for global trade because many ships use it to move goods. The port handles many types of cargo such as containers, dry and liquid goods, and general items.

Sami Neffati, Managing Partner at Investcorp Aberdeen Infrastructure Partners, said, “We are excited to work with the Port of Duqm Company and Cap Infra to grow this key shipping hub and protect important trade routes in the region.”

(The Port of Duqm Company, the DEME Group, and the Port of Antwerp Bruges together make up the group called ‘Cap Infra’.)

What the New Investment Will Build

The investment will be used to improve the port’s marine facilities. This includes dredging, which means cleaning and deepening the water near the port, and building a new quay wall where ships can dock.

This will support a new industrial plant in the Special Economic Zone of Duqm. The plant will focus on producing low-carbon iron products, which means it will create iron with less pollution. Later, it will also make steel using hydrogen power, known as ‘green steel,’ which is much better for the environment.

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