Oman to spend $78bn.

The Gulf state of Oman is expected to channel nearly RO 30bn (USD 78bn) into its projects to upgrade its infrastructure during its current five-year plan that was launched in 2011, a Kuwaiti bank study has stated.

The investments during the 2011-2015 plan will be pumped by the public and private sectors and they cover roads, airports, sea ports and a project to construct a railway to link the country with the UAE and other Gulf oil producers as part of their planned USD 25-bn rail network, said the study by Baitak of the Kuwait Finance House.

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