OIA announces completing 6 national projects with investment value worth over OMR4bn

OIA announces completing 6 national projects with investment value worth over OMR4bn

Muscat: Oman Investment Authority (OIA) announced the completion of six national projects, delivered by its national companies. The projects are geographically distributed in a number of governorates, in diverse sectors, with an investment value exceeding OMR4 billion. Commenting on the completion of these projects, Hisham Ahmed Al Shidi, Director General of Economic Diversification Investments at the OIA, said that these projects come within the National Development portfolio of the Authority, aiming to contribute to economic diversification efforts, the development of governorates, attracting investments, empowering the private sector, as well as creating job opportunities, while offering business opportunities for small and medium-sized enterprises (SMEs). He stressed that these projects reflect the strategy and objectives of the OIA, and come aligned with Oman Vision 2040, in terms of their competitiveness and attractiveness for investment, as well as, their economic and social dimensions. Duqm Refinery and Petrochemical Industries (OQ8) Project is known to be the largest project executed in the Duqm economic zone. The project is considered as the starting line for the plan to transform Duqm into one of the largest industrial and economic centers in the region. The project includes three key areas: main processing units at the refinery, facilities and