Sunday 29 April 2012

$78bn projects in pipeline | Oman Observer

The Sultanate’s second infrastructure exhibition, Infra Oman which is to be held from October 2 to 4 in Muscat, will focus on the ambitious railway project along with airport and other infrastructure projects. The expo will also put spotlight on Oman’s new Five-Year Plan (2011-2015), as infrastructure investments continue to grow and more development projects are set to be implemented in the coming years. The Sultanate is also taking concrete measures to diversify the economy.
The new plan foresees $78 billion of expenditure, representing an increase of 113 per cent over the last five-year plan. The major infrastructure projects coming up include the Oman National Railway, Muscat’s Port Sultan Qaboos conversion into a full-fledged tourism hub, transport and airport development projects, Duqm development project, medical cities, waste management, tourism and residential projects.

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