Location
Oman / Middle East
Project record
Duqm Port Commercial Terminal and Operational Zone IP2
Serka International; exact Duqm Port IP2 commercial-terminal work
The Serka Taahhut Insaat-MSF Engenharia joint venture completed Infrastructure Package 2 at Duqm Port in December 2020. Contract C66/2016 fitted out the already-built 2.2-kilometre commercial quay with roads, stacking yards, utilities, terminal and operational buildings, and piled crane beams and tracks. AIIB's completion note records an original OMR 107,333,716 contract, an approved OMR 12 million claim and USD 292.95 million of actual total project cost. Its 2025 independent review found the terminal operational but still below original throughput and revenue forecasts.
Segment
Port infrastructure
Status
Serka-MSF completed the commercial-terminal fit-out in December 2020; the port is operational, while AIIB's 2025 review says throughput and revenue remain below original forecasts / Confirmed
Last checked
3 August 2026
Coverage
Related sectors
Port infrastructure is the primary work classification. Related sectors connect this record to adjacent marine delivery and market coverage.
Subject index
Related subjects
These subject pages bring together related projects, technical articles, reports, and evidence methods.
Project anatomy
Contract scope and delivery roles
- Client / authority
- Public Authority for Special Economic Zones and Free Zones (OPAZ), formerly the Special Economic Zone Authority at Duqm (SEZAD); handed to Port of Duqm Company SAOC for operation
- Delivery parties
- Serka Taahhut Insaat-MSF Engenharia JV - civil works contractor under Contract C66/2016, with Serka as lead contractor, Royal Haskoning-Khatib & Alami and Partners JV - lender's advisor, engineer, detailed designer and construction-supervision consultant, Khatib & Alami LLC - preliminary environmental impact assessment for IP2, IP3 and IP4, Five Oceans Environmental Services LLC - IP2 construction environmental management plan for Serka-MSF
- Contract route
- SEZAD selected Serka-MSF before AIIB entered the project. AIIB subsequently reviewed the completed tender process and found it satisfactory. Contract C66/2016 started on 1 December 2016 with a 30-month, 913-day programme, three delivery phases and sectional completion areas so port operations could continue during construction. The original contract value was OMR 107,333,716. An OMR 12 million settlement closed the contractor's remaining claims after sinkholes, vibro-compaction issues, owner changes, two cyclones and COVID-19 delays.
- Execution window
- The original completion date was 1 June 2019. Phase 1's completion report was submitted on 19 January 2020 and the Phase 2 completion certificate on 23 April 2020. Physical works reached 99.98% by the end of December 2020, 18 months later than planned. The AIIB loan closing date moved from 30 June 2021 to 31 March 2022, with the final USD 29.61 million disbursement made on 30 June 2022. AIIB issued its completion note on 3 November 2023 and an independent learning review in 2025.
- Works package
- Fit out approximately 90 hectares behind the pre-existing commercial quay. The package includes 3 kilometres of dual two-lane internal roads; an approximately 620,000-square-metre container stacking area; dry-bulk and multipurpose terminal areas; cargo yards, parking and a helipad; potable-water, firefighting, stormwater, sewerage, electrical, telecommunications and lighting networks; administration, training, emergency, workshop, maintenance and service buildings; fencing and gates; and piled crane beams and tracks. It excludes the earlier quay, berth, reclamation, breakwater and access-channel construction.
- Marine interfaces
- IP2 connected terminal buildings, yards, utilities and crane tracks to an existing 2.2-kilometre commercial quay and live port operation. Delivery was phased around Port of Duqm Company vessel calls. The completion note recorded crane rail and track works complete but initially uncommissioned because STS cranes were unavailable; AIIB's 2025 review later described the terminal as fully operational with cargo-handling equipment. Current private-terminal transition, equipment ownership and individual operator boundaries remain separate from the completed civil contract.
- Commercial evidence boundary
- The original civil contract was OMR 107,333,716 and the approved OMR 12 million claim was a separate settlement that closed outstanding contractor liabilities; the cited records do not state a final adjusted contract sum. Actual total project cost was USD 292.95 million against USD 353.33 million estimated at appraisal. AIIB disbursed USD 245.55 million of its USD 265 million commitment, leaving USD 19.45 million undisbursed. By 2023 the port handled 935 vessels and 8.4 million freight tonnes, but the 2025 review says cargo and revenue remained below original forecasts.
Project timeline
Material developments
Dated events that changed scope, counterparties, delivery, commissioning or operating status.
Open this project in the Change LogAIIB published an independent post-completion review
The review rates the delivered project effective and likely sustainable, records 935 vessels and 8.4 million freight tonnes in 2023, and warns that throughput and revenue remain below original forecasts. It also confirms that the financed scope fitted out already-built quays rather than constructing new marine works.
SourceAIIB closed the project record with contract and cost detail
The completion note fixed Contract C66/2016, Serka-MSF, OMR 107,333,716 original value, the OMR 12 million claim settlement, USD 292.95 million actual total cost and USD 245.55 million disbursement. Those figures describe different commercial boundaries.
SourceCivil works reached practical completion after an 18-month delay
Roads, buildings and infrastructure were certified, physical progress reached 99.98% and quality tests were satisfactory. Crane rail and track commissioning still depended on STS crane availability at the completion-note cutoff.
SourceSEZAD signed the IP2 civil contract with Serka-MSF
The public award fixed the joint venture, OMR 107.3 million value, 30-month programme and terminal fit-out scope. It did not include the already-built quay and berth or the separate liquid-bulk marine package.
SourceEvidence gap
What remains unverified
Outstanding evidence
- Private-terminal operator transition and package boundaries
- STS crane, yard-equipment and crane-track operating acceptance
- Current annual vessel calls, freight tonnes and container throughput
- Cargo dwell-time and gross-revenue performance against the 2026-2030 plan
- Maintenance, automation and terminal-expansion procurements
- Interface with the separate liquid-bulk berth, government berth and green-energy projects
- Any public final account beyond the original contract and OMR 12 million settlement
Sources and related records
Read featured analysis Methodology Submit a correction Project tracker
Source collections
Project sources 6
- Oman: Duqm Port Commercial Terminal and Operational Zone Development Asian Infrastructure Investment Bank, Current project page reviewed 3 August 2026
- Project Completion Note: Duqm Port Commercial Terminal and Operational Zone Development Asian Infrastructure Investment Bank, 3 November 2023
- Project Learning Review: Duqm Port Commercial Terminal and Operational Zone Development Asian Infrastructure Investment Bank, March 2025; published 19 June 2025
- SEZAD signed a second package of Duqm Port Special Economic Zone at Duqm, 13 November 2016
- Construction of Roads, Infrastructure and Buildings at the Port of Duqm Serka International, Project page reviewed 3 August 2026
- About Port of Duqm Port of Duqm Company, Current page reviewed 3 August 2026