RIYADH — Saudi Fund for Growth (SFD) CEO Sultan Al-Marshad and Oman’s Minister of Finance Sultan Al Habsi signed a memorandum of understanding (MoU) to help the institution of an industrial metropolis in Oman, funded by Saudi Arabia by way of the SFD with an quantity of $40 million.
The MoU goals to develop the commercial and logistical sectors within the Dhofar governorate by way of a totally built-in industrial metropolis protecting roughly 3.94 million sq. meters, geared up with complete infrastructure. This consists of administrative and repair buildings, public amenities, highway networks, electrical energy and water techniques, two wastewater therapy vegetation, and engineering consultancy companies.
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Al-Marshad stated the MoU displays the Kingdom’s dedication to supporting Oman’s growth sectors and strengthening bilateral growth cooperation.
