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Duqm to invest USD1bn per annum for infrastructure development

29 May 2017

(MENAFN) Oman’s Special Economic Zone Authority at Duqm aims to issue USD1bn per year for improving infrastructure at the free zone and near areas, in an offer to attract global and regional investments.

The investments are for constructing the remaining infrastructure work at the port, a liquid berth, a fisheries harbor, main roads, power transmission and distribution lines and water pipelines.

Meanwhile, Duqm Authority will also invest in power transmission lines for supplying elect to the offered Ras Al Markaz crude storage facility.

Moreover, Galfar Engineering and Contracting Co. had been given a deal to build the fishing harbor in August last year, at a deal value of OMR60.69mn.

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MENAFN2905201700450000ID1095519693

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