Saudi Arabia to Provide Oman With Rare Grant to Develop Port Hub - Bloomberg:
"Oman has accepted a $210 million grant from Saudi Arabia to fund two projects at its flagship Arabian Sea port of Duqm, a rare agreement between two countries that often differ on some of the Middle East’s biggest disputes. The funding, to be provided by the Saudi Development Fund, will finance a 61-million-rial ($158 million) fishing facility and a road costing 20 million rials, state-run Oman News Agency reported Thursday. Oman wants to develop Duqm into a major hub, and is building a 230,000 barrel per day oil refinery there with Kuwait. Muscat rarely takes handouts. The Gulf Cooperation Council offered it a $10 billion aid package following protests in 2011, but it’s not known how much, if anything, was disbursed. Following reports of a 1-billion-dirham grant by the United Arab Emirates in 2014, Oman’s foreign minister said his country had “never asked for it.”"
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