OTE specialist leasing arm launches new outlet in Duqm SEZ

Vehicle Leasing Company (VLC), the Sultanate’s leading one-stop outlet for automotive leasing and rental solutions, has commenced operations in Duqm, enabling local businesses and retail customers the opportunity to benefit from its unrivaled portfolio of products and services.

The brand new outlet was officially inaugurated on 7^th September 2021 by His Excellency Shaikh Badr bin Nasser Al Farsi, Wali of Duqm, in the presence of Mr. Rajesh Nair, General Manager – VLC, and other dignitaries.

VLC is the vehicle leasing arm of OTE Group of Companies, a prominent Omani business house with diverse interests spanning auto mobiles, auto accessories, consumer electronics, vocational training services and manufacturing. The Muscat-based firm specialises in crafting customised leasing and transport solutions that offer unmatched value to customers.

Located on a busy street in the heart of Duqm’s commercial hub, the new office establishes VLC’s presence in a part of Oman that is poised to evolve into a new economic engine of the Sultanate. Spread over an area of over 2,500 sq kilometres, the SEZ ranks among the biggest economic developments in the Middle East, anchored by a multi-purpose commercial port, world-class dry dock and ship repair yard, new international airport, and a mega-scale greenfield refinery and associated crude oil terminal. With dedicated zones for heavy industry, petrochemical, mineral processing, logistics and tourism-related investments, Duqm SEZ is an economic powerhouse in the making.

With government officials, business persons and investors flocking to what is widely described as the ‘new centre of gravity’ for global industry and logistics, VLC’s newly established presence in Duqm addresses a keenly felt void in the automotive rental and leasing space. It's extensive suite of products caters for every conceivable automotive leasing requirement – short-term and long-term, as well as daily rentals – for corporates and individuals alike. On hand at the newly furnished Duqm office is a team of friendly and highly experienced executives who can structure bespoke, cost-competitive and value-generating leasing solutions for clients. 

Furthermore, with Duqm also emerging as a hotspot for nature and adventure travel, VLC is well-positioned to offer a wide selection of saloon cars, SUV's, luxury coaches and other types of vehicles to visitors and tourists flying into this coastal destination. Customers can opt to collect their vehicles of choice at Duqm Airport as soon as they alight from their aircraft.

“As the nation’s premier automotive leasing and rentals solutions provider, VLC’s geographical footprint continues to expand in sync with the Sultanate’s spatial development. Given Duqm’s prominence as the country’s next economic growth pole, we see considerable opportunity to service the complex and demanding requirements of the business and investor community operating in this part of Oman,” said Mr. Sudhir M., CEO – OTE Group.

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About VLC

A specialist leasing operation, VLC (Vehicle Leasing Company) is part of OTE Group of Companies. It completes the automotive bouquet of OTE’s offerings to customers by providing opportunities for long-term leasing, short-term leasing and daily rentals through its Value Plus Brand. Equipped with a large fleet of hundreds of vehicles, VLC has a presence across multiple locations including Wattayah, Ghala, Salalah and Sohar.)

© Press Release 2021