Economy
$50mn bus manufacturing plant to come up in Salalah
Salalah Free Zone (SFZ) has signed a new usufruct agreement for manufacturing 1,500 buses annually with an investment of $50 million. The construction of the factory is expected to commence during the third quarter of 2020 on a total area of 50,000 square metre. The project will provide 350 direct job opportunities to citizens. The factory is being built to export 70 per cent of the buses to the GCC States, Yemen, African countries and the Commonwealth of Independent States.

The new agreement comes within the efforts of Salalah Free Zone for creation of strategic partnership and international business channels that help achieve the vision of SFZ to lead in the field of industrial quality and logistic services.
-
Banking & Finance2 weeks agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
Economy2 months agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
News2 months agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
News1 month agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
Economy2 months agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News1 month agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
-
Uncategorized1 month agoOman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
-
Trade1 month agoConsulate Office of the Republic of South Africa opens in Muscat, enhancing bilateral relations
