Oman, AFESD sign loan agreement worth 46 million Omani riyals


 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.(


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