Jan de Nul confirms details of Duqm Port contract

News – September 12, 2008

Jan de Nul in Belgium has confirmed details of a contract award it has received as part of a consortium for the expansion of Duqm Port in Oman.

Said Jan de Nul: “This award is an extension on the existing contract currently being executed by Jan De Nul Group in
consortium with CCC/STFA for the construction of a new port and drydock complex at Duqm, covering the construction of breakwaters and quay walls, dredging, reclamation and slope revetment works.”

“With this extension of contract, the total investment for this new port complex executed by the CCC/STFA-JDN Consortium amounts to Euros 1 billion,” said Jan de Nul.

“The additional works awarded cover extending the breakwaters and deepening the harbour basin and entrance channel. By extending the breakwaters, the port basin will be expanded significantly. The secondary breakwater will be pushed further into the sea, and the main breakwater will be lengthened. Both breakwaters will be extended, from 5.3km to 7.7km. The harbour basin will be dredged to -18m (from -16m previously), and the entrance channel to -19m (-18m previously).”

Jan de Nul said the consortium has been given an additional two
years for the completion of the expanded port complex. Delivery is now foreseen for May 2012.

“The major expansion of the Duqm port complex will create adequate capacity to cope with future expansion, as well as with the handling of larger cargo vessels at the port,” said the statement. “The port upgrade will enhance and improve commercial operations at Duqm with an eye on the potentially huge cargo volumes expected to be generated by investments in major industrial, petrochemical, mineral and fisheries projects, as well as a free trade zone planned next to the port.”

The Omani Ministry of Transport and Communications is the client for the Duqm port project. Royal Haskoning, in association with Khatib & Alami, are consultants.