OIA-backed company looks at sustainable investments in Oman
By: Times News Service
Muscat: Utico, which won the largest Independent Water Project (IWP) in Dubai and signed water purchase and shareholder agreements with the Dubai Electricity & Water Authority (DEWA) last week, said it is looking at sustainable investments in Oman offering consumers world’s lowest tariffs.
The Oman Investment Authority (OIA)-backed company through its wholly owned subsidiary, Majis industrial Services, said in a statement that it is positioning itself to bring value to Oman’s water sector in a sustainable manner and hopes to invest this year, leading to channeling capital and know how back to the country, as well as contributing to socio-economic progress.