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FINANCIAL NEWS
China to build mega projects in Oman
24 May 2016
(MENAFN) Oman and China signed an agreement to establish an industrial park in Duqm, which will attract mega investments that involve an oil refinery.
Accordingly, China needs an industrial park in Oman in order to recover the markets of S. Asia, West Asia, Middle East and Africa with rich resource.
Furthermore, the industrial park in Duqm is predicted to attract a USD 10bn worth of investments by 2022.
The project spreads over a huge areas of 11.72 square kilometers is divided into three main categories; heavy industrial area, light industrial area and mixed-use area.
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