Omani Firm  to Invest $120m
Economy, Domestic Economy

Omani Firm to Invest $120m

Oman’s Sarooj Construction Company will invest $120 million in developing the multi-purpose Sarooj Pars Complex in Kerman in southeast Iran, according to a report published in Times of Oman daily. The total built-up area will be around 60,000 sq m, Simon Karam, director of SCC, has been quoted as saying. “SCC has partnered with WJ Towell in Oman for the project,” he added. “Currently, we hold a 50% share and WJ Towell also holds a 50% share. There is a lot of interest from Omani investors who want to join us, and we do not mind squeezing ourselves to make room for others.” Karam said a three-star hotel and an office block will be constructed during the second phase of the project, adding that the complex will have three levels but the hotel’s height may go up to five levels. “The first phase is expected to take two to three years,” he said.

Short URL : https://goo.gl/irmN1Z
  1. https://goo.gl/3Fo9HY
  • https://goo.gl/2GCkCD
  • https://goo.gl/xYF8Ry
  • https://goo.gl/lnUUVt
  • https://goo.gl/A6brGX

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...