Assarain Concrete Products (Duqm) LLC (ACPD), part of the reputed Assarain Group, has signed a 25-years usufruct renewable lease agreement for a sizeable plot of 60,000 sq metres with Duqm Industrial Land Company (DILC), a subsidiary of Port of Duqm Company SAOC (PDC). The agreement was signed by Reggy Vermeulen, CEO — Port of Duqm, with Khalid Said al Wahaibi, Managing Director — Assarain Group.
Duqm Industrial Land Company (DILC) has been granted a concession to manage 2000 ha of land earmarked for medium heavy, heavy and petrochemical industrial land in Duqm.
The lease agreement will enable ACPD to construct a mega block making plant through this subsidiary of Assarain Concrete Products & Trading LLC (widely known as ACP in industry circles). Both ACP and ACPD are members of Said Salem al Wahaibi Group of Companies (also popularly known as Assarain Group). As part of the commitment of Assarain to contribute effectively to the world-class infrastructure being built by SEZAD, Assarain Group has decided to put up a large, technologically most advanced, state-of-the-art German plant. The plant can produce high quality Building Blocks, Interlocking Tiles, Special products and another proposed plant under ACPD, producing a wide range of Kerbstones, Paving Slabs, and so on.
The company will supply to all the high-profile projects, housing and tourism sectors of Duqm and the Al Wusta Governorate, both showing remarkable industrial growth under the leadership of SEZAD.
Khalid al Wahaibi, Managing Director, said that Assarain was aware of the government’s focus on Duqm region being taken forward at a very fast pace, under His Majesty’s guidance and vision.
He also commended the initiatives of SEZAD and Port of Duqm for creating such a mega hub in Duqm, facilitating further inclusive growth of the region and the country as a whole.
Alok Varma, General Manager added, “This agreement consolidates and expands the scope of Assarain to reach a wider customer segment in a more effective way using the strategically located land which is near to Port of Duqm. Now with this addition, Assarain Concrete, a quality manufacturer, has multiple mega manufacturing facilities based in Muscat, Sohar, Duqm and Dubai Reggy Vermeulen, CEO of PDC, affirmed DILC’s commitment to extending its continuous support to ACPD in setting up the project and will aim to continue giving the best customer experience and value for this agreement.