Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
Print
Email
Discuss this article (0 Comments)Firms eye $200m Oman contract
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 11 March 2009
AIRPORT CONTRACT: Foreign firms show interest in $200m Omani project. (Getty Images)
The firms bidding for the new airport contract in Oman include India's Larsen & Toubro, South Korea's Hanjin Heavy Industries and Korea's Daewoo Engineering & Construction, an official said on Wednesday.
The tender board official said other companies bidding for the Duqm airport project, which is expected to be worth up to $200 million, include France's Thales, India's Dodsal, Athens-based Consolidated Contractors Co and Turkey's Makyol.
"We received the bids for the approximately $200 million dollar contract for the Duqm airport for the construction of the airfield and infrastructural projects," the official told Reuters.
Last month Economy Minister Ahmed Mekki told Reuters that the Gulf Arab state was going ahead with a $1.8 billion port project at Duqm as part of its development plan despite the global downturn and expected lower oil income.
Duqm, which will be the site of Oman's second international airport, is also earmarked for other major projects, including a refinery, a shipyard and tourism resorts.
Oman plans to diversify its economy away from oil income dependency, which makes up about 75 percent of state revenue, and is pursuing a number of large-scale infrastructure projects. (Reuters)
READERS' COMMENTS
Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY
LATEST MIDDLE EAST BUSINESS NEWS
- Politics & Economics: UAE considers allowing citizens to elect 50% of FNC
- Travel & Hospitality: Emirates brings forward Paris A380 plans
- Real Estate: Union Properties in talks to sell 50% Emicool stake
- Energy: ABB wins $38m deal to improve power efficency
- Politics & Economics: UAE sees fourth consecutive month of deflation
SHARE PRICE CHECK
RELATED STORIES
Consolidated Contractors International, Greece
| 2 stories- Dolphin shortlists three firms for gas pipeline
13 Jul '08 | News
Daewoo Engineering & Construction Company
| 6 stories- UAE-South Korea build close construction ties
27 Jul '07 | Features - Heading up the Asian invasion
27 Jul '07 | Comment
Larsen & Toubro Limited
| 27 stories- Indian giant wins $217m Gulf power deals
24 Aug '09 | News - Larsen bags orders worth US $269mn
9 Feb '08 | News
Thales, France
| 3 stories- EADS, local partner win $2.3bn Saudi security deal
1 Jul '09 | News - Saudi contracts for rail expansion seen in 2009
12 May '09 | News
Mobile
