The project is priming, showcasing the facility’s new ship repair yard. The facility was conceived as a fully integrated ship repair services hub.
The Oman Dry-dock project is being handled by a joint venture between Daewoo Shipbuilding and Marine Engineering and the government. The $800 million world-class ship repair facility is scheduled to be operational by March 2011 and will have the capacity to handle anything up to 600,000-tonne oil and gas supertankers. When fully on track, the Duqm Drydock will generate an anticipated $210 million in annual revenue and employ 3,500 people by 2020.