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Tue 10 Nov 2009 02:32 PM

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Oswal Group to build $400m soda plant in Oman

Firm completes feasibilty study, expects to start construction from Q4 2010.

Oswal Group Global plans to build a $400m caustic soda plant in Oman's southern port city of Salalah, a company official said on Tuesday.

"The company has completed a feasibility study and expected to start construction of the plant in the fourth quarter of 2010," a spokesman from its local subsidiary Oswal Oman Caustic, told Reuters.

Oswal Group Global, a diversified family-owned firm, has appointed Bank Muscat as financial advisor for the project, he added.

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