Oman secures $301m loans for infrastructure projects

Muscat – Mubasher: Oman was granted $301 million financings for developing infrastructure projects, said the Asian Infrastructure Investment Bank (AIIB).

This amount will be given on two tranches: $265 million loan for upgrading a port and $36 million for a railway projects.  

The banks disclosed no details over the loan’s interest or repayment. 

Mubasher Contribution Time: 09-Dec-2016 12:46 (GMT)
Mubasher Last Update Time: 09-Dec-2016 12:46 (GMT)