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Turkish firm wins $487m Oman port deal

Muscat, August 26, 2008

Oman has awarded Turkey's STFA and its local partner a RO187 million ($487.1 million) contract to build facilities for Duqm port, a company official said on Tuesday.

'We have been awarded this week the second phase of maritime project for the Duqm port worth RO187 million,' Khalid Ghnaim, commercial manager of the joint venture between STFA and local partner CCC, told Reuters.

He said that the project, which includes building a navy quay wall and breakwater facilities as well as carrying out dredging work, would be completed in May 2012.

Oman is developing Duqm as its second major industrial port after Sohar. The expansion is expected to cost the government $20 billion and be completed in 2020.-Reuters




Tags: Oman | deal | Turkish firm | Duqm port |

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