Tuesday 18 June 2024

Jusoor inks deal with Tecnimont to fund key Oman project

MUSCAT, December 18, 2018

Jusoor, a joint venture between top Omani groups Orpic and Sohar Aluminium and Vale, a global diversified mining company headquartered in Brazil, has signed an agreement with Italian construction major Tecnimont, for the funding of Package Two of a major industrial project at Liwa, Oman.

Tecnimont is an international leader in engineering, procurement and construction for large-scale projects worldwide based in Italy and is currently carrying out the engineering, procurement and construction (EPC) works of Package Two of Liwa Plastics Industries Complex (LPIC) Project.

The MoU is in connection with the funding of the construction of parking area, lighting poles and landscaping in Liwa Cultural Centre project, being implemented by Jusoor, reported Muscat Daily.

Under the terms of the agreement, Tecnimont will fund the construction of 111 parking spaces, 32 lighting poles as well as landscaping with a modern irrigation system at a total cost of RO100,000 ($259,193), it stated.

The work on Package Two will begin in February and will be completed in April, the report added.

Tags: Mining | Brazil | Sohar Aluminium | Vale | Orpic | jusoor |

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