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$42bn investment potential seen in Oman

MUSCAT, November 29, 2016

Tanfeedh, Oman’s national programme for enhancing economic diversification, recently showcased investment opportunities worth RO 16.3 billion ($42.2 billion) in three sectors in the Sultanate at a recent exhibition.

Of this, the private sector contribution is expected to be RO14 billion, while the public sector will provide between RO1.5 and 2.5 billion, reported Oman Observer.

According to Tanfeedh, 10,000 jobs should be created for Omanis in the tourism sector alone by 2020 by developing projects and attracting private investments.

Implementation of the projects will start in January 2017; Talal Sulaiman al Rahbi, deputy secretary-general of the Supreme Council for Planning was quoted as saying in the report.

 




Tags: Oman | investment |

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