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FINANCIAL NEWS
Oman awards $82m contract to Larsen & Toubro
28 Mar 2010
(MENAFN) An official at the Omani government said that Indian engineering firm Larsen & Toubro has been awarded a $81.8 million contract to revamp and extend electrical networks in Oman’s Dhahira region, Reuters reported.
Larsen & Toubro will upgrade and expand the power distribution network in Ibri and Dhank to cater for the growing electrical demand in those towns, the tender board official said.
It is worth noting that Oman has set aside about $18 billion this year to spend on projects to improve its infrastructure and energy sector.
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