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FINANCIAL NEWS
Oman’s private sector to invest USD 769.43mn in Duqm
17 Apr 2016
(MENAFN) Special Economic Zone Authority in Duqm (Sezad) gave deals to many regional and global firms in Q1 of 2016, to enhance the zone and to achieve economic diversification.
Furthermore, the sector firms will pump almost USD 769.43mn worth of investments, which will offer more than 11,000 direct jobs and indirect jobs.
The new projects involve a tourism front that will cover hotels, commercial centers, residential areas, recreational center and other tourism facilities.
In addition, Sezad also signed a land usufruct deal with Al Taman Holding Co to build an Intl’ school at a cost of USD 16.83mn including USD 10.36mn as construction cost.
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