Thursday, March 28, 2024 | Ramadan 17, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

$10 bn investments pledged

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FOUNDATION-STONE LAID FOR SINO-OMAN INDUSTRIAL CITY


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DUQM: The Special Economic Zone Authority in Duqm (SEZAD) on Wednesday celebrated laying of a foundation-stone for the Sino-Oman Industrial City in Duqm whose investments are expected to cross $10 billion till 2022. The ceremony was held under the auspices of His Highness Sayyid Taimour bin Asaad al Said in the presence of Yahya bin Saeed al Jabri, SEZAD Chairman, Wang Heshan, Vice Governor of Ningxia and Chairman of Wanfang Oman Group. During the ceremony, 10 agreements were signed between Wanfang Oman and some Chinese companies to implement $3.2 billion worth projects at the Sino-Oman Industrial City in Duqm.

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between the two countries. The Sultanate, under the wise leadership of His Majesty Sultan Qaboos, seeks to boost bilateral economic and political relations to bring benefits to both countries.

Wang Heshan said that the project is a new springboard for the friendship and cooperation between the two sides and that it is supported by governments in both countries and Chinese businessmen. He added that many mega projects whose investments cost about $3.2 billion, will be launched soon. The ceremony was attended by Ahmed bin Abdullah al Shuhi, Minster of Regional Municipalities and Water Resources, Shaikh Me’athad bin Mohammed al Yaqoubi, Governor of Al Wusta, and the Chinese ambassador to the Sultanate, as well as Omani and Chinese officials and dignitaries in the Governorate of Al Wusta. — ONA


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