Monday 23 May 2016

Chinese Omani agreement for the establishment of an industrial estate investments of approximately $ 10 billion

Muscat (Ina) - signed the Sultanate of Oman and China set up an industrial city agreement with estimated investments of approximately ten billion dollars, during a held Monday in theSultanate ceremony. 
And gives the Chinese side agreed usufruct and development to create a joint industrial city in the coastal area of Duqm south of Muscat, with an estimated investment where about $ 10.7 billion until the year 2022, according to a press statement issued on the sidelines of thesigning ceremony, h 2 reached AFP a copy of it. this 
includes the industrial city project of constructing an oil refinery with a production capacity of approximately 230,000 barrels per day. The project also includes heavy industries and industries of solar energy, and projects of small and medium industries. 
The president of the Board of Board of Directors of Special Economic Zone Management in Duqm Yahya Al Jabri said the Chinese side will "create all the facilities of roads, electricity, water and other network, as the Chinese company is also attracting and resettlement projects national, while Duqm Authority for the provision of public facilities. " 
according to the statement, China 's total investment volume in the Sultanate until the end of2015 more than two billion dollars, while trade between the two countries amounted to about $ 17.2 billion at the end of the same year.

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