Madayn, Oman LNG Development Foundation sign pact to finance Sur project
Muscat, Oman, January 13, 2021 The Public Establishment for Industrial Estates (Madayn), signed an agreement with Oman LNG Development Foundation to finance business incubator project at Sur Industrial City. The signing of the agreement stems from a joint objective to strengthen strategic partnership and consequently enhance effective community partnership through supporting emerging startups and financing social investment projects, a statement said. The agreement was signed by Hilal bin Hamad Al Hasani, Chief Executive Officer of Madayn, and Dr. Amor bin Nasser Al Matani, Chief Executive Officer of Oman LNG Development Foundation.
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Oman to Initiate Work on New Industrial, Infrastructure Projects in 2021 Published December 28th, 2020 - 09:00 GMT
The investments in Sur Industrial City have now hit RO2.045 billion ($5.3 billion), up 0.67 per cent compared to the same period last year. (Shutterstock)
Omani authorities have announced that work is set to start early next year on a number of industrial, economic and infrastructure projects at Sur Industrial City.
The private sector led investments include a boatyard complex, a residential township for the industrial park’s labour force, and a new sewage treatment plant, reported the Oman Observer.
“More investment opportunities will be announced in 2021 for the private sector in health and hotel support services, and vehicle/truck maintenance centre,” said Engineer Abdulqadir bin Salim al Balushi, Director General of Sur Industrial City.