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Investment agreements worth RO2.3mn inked to boost S Batinah economy

14 May 2024 Investment agreements worth RO2.3mn inked to boost S Batinah economy By OUR CORRESPONDENT

Muscat – South Batinah signed seven agreements worth over RO2.3mn in wilayats across the governorate to boost local economy and foster diverse investment opportunities.

Masoud bin Saeed al Hashemi, Governor of South Batinah, signed the agreements with local firms tasked with executing these projects on Tuesday.

An official from the Governor’s Office informed that the first agreement, valued at RO71,280 involves a 772sqm plot in Khafdi Square of Rustaq.

A vegetable vending site spread over 6,979sqm in the Al Iraqi area, also in Rustaq, will be developed through the second agreement valued at RO426,840.

The third contract will see investment of RO1,746,000 for development of a 15,000sqm plot of land in the Bab al Dhafour area of Nakhal, while the fourth agreement, valued at RO30,600, is for a 2,048sqm plot of land in Al Malada Square in Musannah.

An agreement worth RO28,440 will  develop a 1,000sqm plot of land in Al Wasit Square in Wadi al Ma’awil.

The sixth agreement involves expansion of Nakhal Industrial City with an investment of RO20,880 in a 1,073sqm plot of land.

Through the seventh agreement, an investment of RO20,880 will develop a 980sqm plot of land in the Saqsuq area of Barka.

The agreements are in various sectors and aim to establish commercial and industrial ventures across different regions of South Batinah.

According to the Governor’s Office, the agreements are expected to catalyse economic growth and generate employment opportunities.

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