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  • 26-01-19

    UAE's Utico, Omani company ink USD400m investment deal

    (MENAFN) Utico, a private utility firm in the UAE, and Oman-owned Majis Industrial Services were declared to have inked a USD400 million investment deal.

    Chairman of Utico Rashed Mehran Al Balooshi assured that under the agreement, the UAE and Oman will have expanded and deepened economic ties.

    The chairman stressed that "the Majis investment is one more testament of trust from our investors in our unique business model, expertise and the tremendous growth potential of the company."

    Al Balooshi added: "it is also an endorsement of our contribution to the social and economic fabric of countries where we operate."

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