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Oman signs USD2.16bn in infrastructure contracts

22-Mar-2011 1:00 PM

Oman’s Ministry of Transport and Communications announced it has signed nine agreements worth a total USD2.16 billion for national infrastructure projects (Khaleej Times, 22-Mar-2011). USD1.7 billion of the total is for the construction of a new terminal at Muscat International Airport, which was awarded last year to a consortium comprised of Bechtel, Bahwan Engineering Company and INCA. The new terminal is expected to be completed in 38 months and have an annual capacity of 12 million passengers. A USD141 million project was awarded to Alawi for the construction of an air traffic control tower at Muscat. Other major contracts include the construction of a greenfield airport at Duqm, which was awarded to South Korea’s Hanjin Heavy Industries & Construction Company.