Published On:July 12 2011
Story Viewed 4655 Times
Oman's new maritime ports to get investment worth USD 1 billion
According to a recent report, up to USD 1 billion has been committed to the development of Oman's new maritime ports and the expansion of existing gateways.
Mr Ebrahim Taher project manager at Oman International Trade and Exhibitions, organizer of the event said that Thanks to its strategic location, Oman today has some of the busiest ports in the whole region and it has invested up to a billion dollars in port operations. Many efforts are being undertaken by the Omani government to boost this sector and to emphasize the fundamental role played by the ports and shipping sector to further advance regional trade.
Mr Taher stressed that ports play a major role in advancing the economy of any country. The fact that the Omani government has been actively supporting ports and shipping industry will undoubtedly attract more long term investments in the sector in future.