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.
-
Economy2 months ago
Here’s Everything You Need to Know About Oman’s State General Budget for 2025
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, December 24
-
Automotive2 weeks ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Banking & Finance2 months ago
His Majesty the Sultan Appoints Ahmed Al Musalmi as Governor of the Central Bank of Oman
-
OER Magazines3 weeks ago
OER, January 2025
-
Alamaliktistaad Magazines4 weeks ago
Al-iktisaad, January 2025
-
Banking & Finance4 weeks ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
Banking & Finance1 month ago
Bank Muscat’s 2024 Net Profit Grows To RO225.58Mn