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FinancialNews
29-08-19
Oman grants contract on economic city
(MENAFN) Oman was announced to have granted an agreement to Galfar Engineering & Contracting to do efforts related to infrastructure for the new Khazaen Economic City.
Under the contract, the company will be responsible for establishing roads, street lighting, stormwater drainage channels and potable water networks.
Works on the economic city are likely to commence in October, and are expected to wrap up over a ten-month period.
CEO of Khazaen Econonic City Khalid Al Balushi explained that there is a plan that includes "a number of components which we consider as anchor elements of the project - and which we believe will drive business investment and relocation to the city, as well as residential population growth."
MENAFN2908201900450000ID1098939824
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