Oman Drydock Company S.A.O.C. (ODC) has been established in September 2006 by the Government of Sultanate Oman (GOSO) with its 100% stake under the Master Plan of Duqm area which is propelling by GOSO to aim diversification of industry structure and regionally balanced growth in Oman.

The business of ODC is Ship Repair and Conversion of which characteristics will be the combination of intensive labor and high technology. Hence, ODC will contribute to the creation of employment for Omani nationals and diversification of industry which will enable to make an elastic opportunity to escaping from being substantially dependent on petroleum industry.

It is notable that ODC is being operated by Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) in South Korea who is the leading shipbuilder in the world. For this purpose, GOSO and DSME have entered into the Contract for Operating and Management (O&M) in September of 2006 for a period of 10 years with 10 years option further. By utilizing DSME's well-organized, experienced and proven technology,and geographical benefit, ODC will have a bright future of revenue of about U$ 210 million and 3,500 employees by 2020.