Oman Tender Board awards $1.8bn deals in 2015
Key projects for which deals were awarded this year include Oman Rail, Sohar Airport, and the Wilayat of Liwa residential scheme
Oman's Tender Board revealed it has awarded $1.8bn (OMR724m) worth contracts this year.
Of these, $994.8m (OMR383m) were awarded during the first half of 2015, while $568.8m (OMR219m) were handed out in Q3 2015, and $316.8m (OMR122m) in Q4 2015.
Deals awarded by the Tender Board in 2015 include contracts for Oman Rail, implementing the third package of Sohar Airport, and constructing the Wilayat of Liwa residential scheme in Batinah, due for completion in 2017.
The Board added it expects to continue awarding contracts in 2016 for projects that support economic diversification and revenue generation.
This includes the development of logistics hubs, construction and expansion of industrial zones in Sohar and Samayil, constructing a general cargo terminal at Port of Salalah, and establishing a comprehensive plan for Musandam.
According to Oman Daily Observer, the Board will also award deals for expanding the Al Rusayil Industrial Estate, establishing the Ibri Logistics Zone, completing work at the Muscat International Airport, and developments in the country's railway project.