Doosan wins $350 mn contract for Oman’s Duqm power plant project - Construction Week Online

Doosan's $350 million contract for the Duqm power plant in Oman is a significant development within the GCC construction market, underscoring the region's sustained investment in critical infrastructure. This project is pivotal for Oman's economic diversification strategy, particularly for the Special Economic Zone at Duqm (SEZAD), which is being developed as a major industrial, logistics, and tourism hub. Reliable and robust power generation is fundamental to attracting foreign investment and supporting the planned industrial expansion in Duqm. For the broader GCC, this contract highlights the ongoing demand for large-scale energy projects, driven by population growth, industrialization, and national visions like Oman Vision 2040. The involvement of international contractors like Doosan also reflects the competitive yet lucrative nature of the Gulf's construction sector, where expertise in complex power generation facilities is highly valued. This award signals continued opportunities in Oman's energy and industrial sectors, contributing to the overall buoyancy of the GCC construction pipeline.