The Ministry of Finance, Oman and the Saudi Fund for Development (SFD) signed a Memorandum of Understanding (MoU) to finance the construction of the Thumrait Industrial City project.
The project aims to develop the industrial, logistical, developmental, and social sectors in the Dhofar Governorate by establishing an integrated industrial city equipped with comprehensive infrastructure services in the Wilayat of Thumrait, while supporting and encouraging the private sector to contribute to the economic development of the Sultanate of Oman.
The project encompasses the implementation and outfitting of administrative buildings, public services, and facilities, as well as infrastructure works, roads, electrical installations, and the water network. It also includes the construction of two sewage treatment plants and essential city utilities, in addition to the provision of engineering consultancy services for the project.
