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FINANCIAL NEWS
New consortium to invest USD1.29b in Oman’s industrial estates
11 Sep 2014
(MENAFN) According to the Public Establishment for Industrial Estates (PEIE), a new consortium, comprising of local and international companies, is planning to invest USD1.29 billion in Oman’s industrial estates, Times of Oman reported.
The consortium aims at investing in the areas of providing infrastructure, superstructure, public utilities, establishment of service centers, and integrated commercial and residential cities in the various industrial estates, with an expected start of functioning in early 2015.
PEIE currently runs eight industrial estates at Al Rusayl, Sohar, Al Buraimi and Raysut apart from Sur, Nizwa, Sumail and the Ibri Logistics estate.
These estates contain more than 1,400 projects, including 800 productive projects, 200 of which are under construction, and the rest are in different stages of incorporation.
In addition, the size of local and foreign investments in these projects exceeds USD12.94 billion, creating around 40,000 job opportunities of which more than 15.000 are Omani.
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