ONIEC wins contracts worth RO21.3mn

ONIEC wins contracts worth RO21.3mn

Muscat – Oman National Engineering and Investment Company (ONEIC) has secured two major contracts with a total value of RO21.3mn, as per the company’s disclosures to the Muscat Stock Exchange. ONEIC announced the conclusion of a RO16.5mn contract to establish and maintain an international school in the Knowledge Oasis Muscat (KOM) area on an investment […]Muscat – Oman National Engineering and Investment Company (ONEIC) has secured two major contracts with a total value of RO21.3mn, as per the company’s disclosures to the Muscat Stock Exchange.

ONEIC announced the conclusion of a RO16.5mn contract to establish and maintain an international school in the Knowledge Oasis Muscat (KOM) area on an investment basis for one of the operators specialised in the field of education.

‘The contract value, including the maintenance contract amount, is RO16.5mn over a period of 15 years in cooperation with Artemis Education International. The company expects to achieve good returns from the project in the coming years, contributing to the long-term stability of the company’s business,’ ONEIC said in its disclosure to the Muscat Stock Exchange.

In another disclosure to the Muscat Stock Exchange, the company announced that Sohar Titanium FZC has awarded ONEIC a contract for the construction of a 132kV/33kV