Oman pumps $20bn into transport
01 December 2016
Oman is to invest about $20 billion in the country’s transport sector, which remains lucrative with ongoing projects such as road expansion and the proposed GCC-wide rail infrastructure, said a report.
The investment, which will be made over the next 15 years, is especially for developing infrastructure projects in this sector.
As many as 49 road projects worth $5.43 billion are planned, in addition to roundabouts, flyovers and tunnels, while seven projects for construction of junctions, worth $19.4 million, are under way, reported Times of Oman, citing a report from research agency Ventures Onsite.
It added that the government will complete 10 major road projects – including the BidBid-Sur Road and a part of the Al Batinah Expressway – this year.
The report, released on the sidelines of the Gulf Traffic Exhibition Conference awards, also said the sultanate plans to invest $50 billion in diversification plans.
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