OBIC to sign hospitality project deal this month

Muscat - 

Oman Brunei Investment Co (OBIC) will sign a deal for a major investment in a new development project in Oman's hospitality sector by the end of this month. The company also has a pipeline of projects to invest in for 2013.

Speaking to Muscat Daily, Shahram Hashemi, senior investment manager at OBIC, said that the deal will probably be announced in the next few weeks and the company has several other investment projects in the pipeline for 2013.

“By the end of this year we will have concluded three investments in Oman. We have several other projects and we are working on them.”

He added that the current committed capital of OBIC is US$100mn, of which the governments of Oman and Brunei have an equal share.

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