Saudi Arabia Supports Oman’s Industrial City Project with Financing of $40mln

Saudi Arabia lends $40m to build industrial city in Oman

The Saudi Fund for Development (SDF) has signed a preliminary agreement to provide $40 million towards building an industrial city in Oman. Thumrait Industrial City will be established in the southwestern Dhofar Governorate, covering around 4 million square metres and equipped with infrastructure to support industry and logistics, state-run Saudi Press Agency reported.  The infrastructure will include administrative and service buildings, public…

Saudi Arabia supports Oman’s industrial city project with financing of $40mln

The MoU aims to develop the industrial and logistical sectors in the Dhofar governorate

Saudi fund signs $40m deal to develop industrial city in Oman

The project in Dhofar will span nearly 3.94 million square metres and include roads, utilities, service buildings and wastewater plants

Oman, Saudi Fund sign MoU to finance Thumrait Industrial City project

MUSCAT – The project aims to develop the industrial, logistical, social, and developmental sectors in Dhofar by creating an integrated industrial city with full infrastructure services in Thumrait. It also seeks to support and encourage the private sector to contribute to Oman’s economic growth.Planned works include the construction and equipping of administrative buildings, public facilities, and infrastructure such as roads, electrical and wat…