Aconsortium of international and local firms will start functioning in early 2015 in the Sultanate of Oman, reported Muscat Daily, quoting the Public Establishment for Industrial Estates (PEIE), and adding that the OMR 500-million-consortium seeks to invest in a variety of industrial estates.
Delivering the opening speech at a business opportunities seminar organised by PEIE, Hilal al Hasani, CEO of PEIE, said that the consortium will function under the management of Shumookh Investment and Services, PEIE’s investment arm.
“This consortium will look to invest in infrastructure and superstructure development, public utilities, service centres, and integrated commercial and residential cities in the various industrial estates. This consortium will start functioning in early 2015, which will reflect positively on the provision of employment opportunities and increase of investment size,” the CEO said.
Delivering the opening speech at a business opportunities seminar organised by PEIE, Hilal al Hasani, CEO of PEIE, said that the consortium will function under the management of Shumookh Investment and Services, PEIE’s investment arm.
“This consortium will look to invest in infrastructure and superstructure development, public utilities, service centres, and integrated commercial and residential cities in the various industrial estates. This consortium will start functioning in early 2015, which will reflect positively on the provision of employment opportunities and increase of investment size,” the CEO said.
Source:
Mubasher
