Muscat, May 19, 2025 —
Bahrain-based investment firm Investcorp has announced a $550 million investment in the expansion of Oman’s Port of Duqm. The funding will go through its joint venture, Investcorp Aberdeen Infrastructure Partners (AIIP), in partnership with CAP INFRA—a consortium that includes the Port of Duqm Company, Belgium’s DEME Group, and the Port of Antwerp-Bruges.
The expansion will include new marine infrastructure such as dredging and quay wall construction to support a planned low-carbon industrial plant. The project aims to produce low CO₂ iron metallics and, eventually, green steel, aligning with Oman’s Vision 2040 and net-zero targets.
Investcorp Executive Chairman Mohammed Alardhi said the move reflects support for Oman’s long-term economic and environmental goals. The Port of Duqm is seen as a strategic logistics hub, and this investment is expected to boost Oman’s regional trade and sustainable development ambitions.
The project also marks Investcorp’s fourth major infrastructure commitment in the region, further solidifying its presence in the Gulf. Previous ventures include strategic projects in the UAE and Saudi Arabia, signaling a broader push to support industrial growth and green infrastructure across the GCC.
The Port of Duqm has seen rapid growth over the past few years, attracting international interest due to its strategic location along global shipping lanes. With ongoing investment and development, it is set to become a key player in the region’s logistics, energy, and manufacturing sectors.
