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FINANCIAL NEWS
Oman’s PEIE inks OMR50mn finance deal with BankDhofar
22 May 2017
(MENAFN) Public Establishment for Industrial Estates (PEIE) has inked a deal with BankDhofar to offer OMR50mn in order to finance many infrastructure projects taken by the PEIE.
Accordingly, the agreement with the bank aims to cover the infrastructure services in a number of PEIE”s industrial estates.
Furthermore, the deal shows the beginning of PEIE’s relation with regional banks in the Sultanate.
Additionally, the loan will be invested in applying a range of vital projects like the logistics areas in Rusayl Industrial Estate, the expansion of third and fourth phase of Nizwa Industrial Estate and others.
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MENAFN2205201700450000ID1095497998
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