(MENAFN) Omani contracting firm Hasan Juma Backer Trading & Contracting (HJB) announced it is planning to invest around USD700 million in the establishment of a major dry port development project in Cote d'Ivoire in West Africa, Times of Oman reported.

HJB will lead the development of the proposed dry port project, which will be a green-field project with facilities for the storage of all kinds of commodities, such as fuels, liquids, cement, silos for food grains and so on, in addition to a container component.

Meanwhile, HJB have signed a Memorandum of Understanding to implement the project on a public-private-partnership (PPP) basis. The next step is going to be conducting feasibility studies and other groundwork.