Oman to privatise power stations
Oman plans to privatise its existing power stations and invest RO3bn in new projects over the next six years, in a bid to boost the economy and reduce the budget deficit as electricity demand grows, Reuters has reported.
Oman needs 400,000 housing units for the next 10 years to meet the growing needs of Omani and expatriate population, according to Abdul Rahman Barham, chief executive officer, Al Madina Real Estate Company.