The Special Economic Zone at Duqm (SEZAD) has celebrated the inauguration of the first phase of the’Maysan Square Duqm – Residence’ project, the first integrated business district in the zone.
The development features 104 residential units and 130 commercial units, attracting investors from 22 countries with a total investment value of approximately $25.97 million (RO 10 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, underscoring the project’s significance in supporting Duqm’s long-term economic and urban development goals.
Speaking at the event, Sadiq Jaffer, Chairman of the Board of Directors and Chief Executive Officer of Maysan Properties Company, said the project represents the first integrated business district within the Special Economic Zone at Duqm. The development spans a total area of 122,000 square meters and is being implemented in multiple phases.
Jaffer explained that upon completion, the project will comprise 20 buildings across the residential, commercial, hospitality and retail sectors. The fully developed complex will include 424 serviced residential units, creating a comprehensive mixed-use destination designed to support business activity and community living in Duqm.
He noted that the project marks a significant advancement in Oman’s real estate development sector, describing it as the first integrated business district that combines residential, commercial, hospitality and business facilities within a modern urban environment built to the highest international standards.
Jaffer noted that the project reflects growing confidence among international investors in the economic prospects of the Special Economic Zone at Duqm. He added that the development is expected to serve as a modern urban landmark, showcasing the zone’s cultural, architectural and economic progress while strengthening its position as a leading investment destination in the region.
