The agreement was co-signed by Omani Minister of National Economy, Deputy Chairman of the financial affairs council Ahmed bin Abdelnabi Macki and AFESD Board Chairman and General Manager Abdelatif Yousef Al-Hamad.
The project’s total cost is estimated at 140 million Omani riyals, Macki said in a press statement.
Macki noted that AFESD’s loan will be settled over 18.5 years with a 4.5 interest, preceded by a four year grace-period.
He said the project aims at contributing to the economic and social development in the country’s central area, diversify its national resources and create job opportunities.
Near the port a dry-dock project will be launched worth around 100 Omani Riyals, he said.(
