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.
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, March 2025
-
OER Magazines2 months ago
OER, March 2025
-
Automotive1 month ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
News1 month ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
News1 month ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
Banking & Finance1 month ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
-
Banking & Finance1 month ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG