Thursday 21 June 2018

$129m infrastructure facilities for Sumail Estate

Muscat, August 5, 2014

Sumail Industrial Estate in Oman is in the final stages of evaluating bids for the infrastructure facilities construction worth RO50 million ($129.86 million).

The infrastructure facilities will include roads and sewerage networks for the estate, a report in Muscat Daily said.

There are only three companies which are in the fray for final allotment, with Larsen & Toubro (Oman) with the lowest bid, it said. The other two companies are Galfar Engineering & Contracting and Egyptian Contracting Co & Partners.

The estate attracted investments worth RO125 million ($324.63 million) last year.

According to Dawood bin Salim al Hadabi, acting director general of Sumail Industrial Estate, Omani investments accounted for 80 per cent of the total investments while Gulf investments amounted to seven per cent and foreign investment at 13 per cent.

Currently the number of projects in the estate stand at 180, of which 18 projects are under construction and another project in the experimental production stage.

Tags: Oman | Infrastructure | industrial estate |

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