Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- H E Futaisi signs 31 pacts worth RO328mn  Join our daily free Newsletter

MENAFN - Muscat Daily - 18/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Mohammed bin Salim al Futaisi, Minister of Transport and Communications signed 31 agreements worth RO327.82mn on Tuesday.

Speaking on the occasion, H E Dr Futaisi said that these agreements show the government's keenness to develop the road network. ''This will go a long way in facilitating people's movement and boosting the country's economy in areas like tourism and commerce.'' He said that the Ministry of Transport and Communications is following up on status of all road projects being executed across the country.

''The ministry will initiate legal action, and even impose fines on any executing company found not sticking to the project deadline. Termination of the contract will be used as the last resort.''

He said that project schedules vary depending on the size, but bigger projects usually take three years to complete.

 

TOP THREE PROJECTS

The Works                                                                                &bsp;                        

COST

Dualisation of the 76km Bidbid-Sur road (Second phase, first part).                       RO98.53mn

Contract signed with Larsen & Toubro (Oman)

Dualisation of the 56km Bidbid-Sur road                                                                           RO41.99mn
(Second phase, second part). Contract signed with
Khalid bin Ahmed and Sons in collaboration with
Spanish company Cors?n-Corviam

Improvement of the Khasab coastal road.                                                                      RO41.99mn
Signed with Sezai Turkes Feyzi Akkaya in
collaboration with Sezai Turkes Feyzi Akkaya
Construction Co (Oman)<


 


Muscat Daily




  MENA News Headlines
 Jul 1 2016 - Qatar, Indonesia join forces in gas searchMENAFN
(MENAFN) Indonesia is seeking partnership with Qatari top firms such as Qatar Petroleum or RasGas for gas exploration on its land, based on recent reports.Indonesia already sees and realizes the ...

 Jul 1 2016 - UAE seeks for India to be top business partnerMENAFN
(MENAFN) India is forecasted to surpass Japan as the top export destination of the UAE by the year 2030, according to the latest reports.Japan and India stood at 11 percent and 6 percent respectively ...

 Jul 1 2016 - Omani Port of Salalah initiates new crucial line servicesMENAFN
(MENAFN) Oman's Port of Salalah, a key Arab Gulf region gateway port for the Arabian Sea, is going to have French-based CMA CGM, the world's third-largest container shipping line adding two new ...

 Jul 1 2016 - Kuwait oil price up 54 cents to USD44.66 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The price of Kuwait oil went up by 54 cents to reach USD 44.66 per barrel Thursday after trading at USD 44.12 pb the day before, said ...

 Jul 1 2016 - Sabbiyah shrimp project to achieve production boom - studyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The proposed Sabbiyah shrimp farming project expected to be a leading one is designed to achieve a production boom to meet the rising ...

 Jul 1 2016 - Kuwait- No makeshift eid prayer locations -- ministryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- Eid Al-Fitr prayers will be confined to mosques and no makeshift prayer places will be set up, the Ministry of Awqaf and Islamic Affairs ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulates Rwanda on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to Rwanda''s President Paul Kagame ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulatesc Canada on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to General Governor of Canada David ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulates Burundi on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to Burundi''s President Pierre ...

 Jul 1 2016 - Saudi Arabia condemns Bahrain blastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) JEDDAH, July 1 (KUNA) -- Saudi Arabia has condemned "the terrorist act" that happened in eastern Bahrain killing a woman and injuring her children. The official ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help