Thoughom: Port Operating Without Hormuz
The city of Duqm in Oman serves as an integrated strategic platform to boost the national economy. It has transformed from small fishing villages into a global industrial and logistics hub. Thanks to its location on the Arabian Sea outside the Strait of Hormuz, Duqm provides a flexible seaport that reduces reliance on traditional routes, especially amid recent regional tensions. It has seen increased maritime traffic and secured supply chains and energy resources. The region's investments have expanded significantly, with projects announced worth over $7.5 billion, including green hydrogen, chemical industries, electric vehicles, and infrastructure. There has also been a notable growth in port activity, with Duqm Port welcoming more than 1,204 ships in 2024—a 29% increase compared to 2023. Additionally, tourism and industrial zones are being developed, and a major oil storage terminal at Ras Markaz with a capacity of up to 200 million barrels is under construction, further establishing Duqm as a key hub in sustainable energy and trade within the region.
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