Sultanate of Oman: Government Economic Zones Investments Amount to $ 40 Billion

  • Muscat, Sultanate of Oman
  • 8 May 2023
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The Chairman of the Public Authority for Special Economic Zones and Free Zones in the Sultanate of Oman, Ali Al-Sunaidi, revealed that the total investment in the areas supervised by the authority reached about $ 39.5 billion by the end of 2022. "Investments in the 13 areas supervised by the authority witnessed a growth of 6 percent compared to 2021," he said.

He stressed, "The authority signed memorandums of understanding to establish mining projects in the Special Economic Zone at Duqm and will soon announce a mining project in the port of Duqm." Emphasizing, "The authority is working to benefit from the savings of financing agreements after the completion of the implementation of a package of infrastructure projects with a ceiling of up to 50 million riyals through the use of old loans without the need for new loans at the present time."

Source: (Asharq Al-Awsat newspaper, Edited)