Muscat: Spread over 100,000 sqm, the Karwa Motors bus manufacturing plant will start production of buses in the second half of 2020.

According to official sources, the manufacturing and assembly plant in Duqm will be well-equipped to produce around 1,000 a year.

Karwa Motors is a joint venture partnership between Mowasalat, Qatar national transport company, with a 70 per cent equity stake and Oman Investment Fund (OIF) with the remaining 30 per cent stake.

“The partners will invest around $7o million in the initial phase of the project – a venture with the potential to underpin the growth of an automobile hub at Duqm over the long-term.

Karwa Motors bus manufacturing plant is one of the several mega industrial projects planned for Duqm.

2019 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.