Oman’s Ministry of Transport, Communication and Information Technology (MTCIT) has invited bids from leading construction firms and contractors for the development and operation of two major ports in the sultanate, reported Oman Observer.
The ministry called upon interested parties on a concessionary agreement to develop and operate the Port of Khasab and Port of Shinas.
The term of the concession period will be mutually agreed upon based on an investment basis, it stated.
Both ports are involved in domestic and international trade, equipped with basic infrastructure and offices for concerned government agencies.
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).