Duqm: The Special Economic Zone at Duqm (SEZAD) on Monday celebrated the inauguration of the first phase of the Maysan Square Duqm – Residence project, a landmark mixed-use development that has attracted investors from 22 countries with total investments estimated at around OMR10 million.
The inauguration ceremony was held under the patronage of Qais Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones.
The first phase comprises 104 residential units and 130 commercial units, marking a significant milestone in Duqm’s urban and economic development.
Speaking at the event, Sadiq Jaffer, Chairman and Chief Executive Officer of Maysan Properties, said the project is the first integrated business district in the Special Economic Zone at Duqm. Spread across an area of 122,000 square metres, the development is being implemented in multiple phases and will eventually include 20 buildings serving the residential, commercial, hospitality and retail sectors.
Upon completion, the project will offer 424 fully serviced residential units, creating a vibrant urban community designed to meet the needs of residents, businesses and visitors.
Jaffer described the development as a qualitative leap for Duqm’s real estate sector, noting that it combines housing, commerce, hospitality and business facilities within a modern urban environment built to international standards.
He said the strong participation of investors from 22 countries reflects growing international confidence in the investment potential and economic future of Duqm. The project, he added, is set to become a modern urban landmark that showcases the region’s cultural and architectural progress while supporting the broader vision of transforming Duqm into a leading economic and investment hub.
