FINANCIAL NEWS

Danube Group to invest USD 32.6mn in Oman

19 May 2016

(MENAFN) Danube group aims to launch four retail stores this year in Oman, taking the whole number of stores to five with a whole investment of USD 32.6mn.

Accordingly, the group has a strong presence in Oman among its retail stores and it also plans to launch two new retail stores and two more early next year.

Moreover, the group invested USD 81.65mn in KSA by establishing five building materials stores and one retail store.

In addition, 295,000 Saudi tourists visited Dubai during Jan and Feb of this year, while 223,000 tourists flew in from Oman to Dubai with 35 percent increase.

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