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FINANCIAL NEWS
Oman to receive finance of USD301mn from Asian Infrastructure
11 Dec 2016
(MENAFN) Oman will deliver finance to the tune of USD301mn from Asian Infrastructure Investment Bank for enhancing two main transport projects in the country.
Meanwhile, the bank’s support covers USD265mn towards Oman’s maritime infrastructure at Duqm Port and USD36mn to prepare its first railway system.
Moreover, the Port is strategically located with the potential to become a local logistics hub with an economic footprint far beyond Oman”s borders.
Additionally, the two projects bring the total amount of loans confirmed by the bank in its first year of operations to USD1.130mn.
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