10 April 2019
The contract award for the construction of Oman's first bus manufacturing plant, delayed by more than six months from its original schedule, is expected to take place in two weeks, according to an official source.

The project is being set up by Karwa Motors, a joint venture owned 70 percent by Mowasalat Qatar and 30 percent by Oman Investment Fund.

A Karwa Motors official told Thomson Reuters Projects that the contract is being evaluated and could be awarded in two weeks without elaborating on the reasons for the delay.

In November 2018, Thomson Reuters Projects had reported that the contract award for constructing the $90 million first phase of the plant has been pushed to end-November 2018 instead of September 2018 as scheduled.

The foundation stone for the 160 million Omani Riyal ($415 million) project, located on a 500,000 sqm site in Duqm Special Economic Zone, was laid on 30 November 2017, the report noted.

(Reporting by Sowmya Sundar; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)


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