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Sovereign Wealth Funds Briefing - Categorized | Market

Pact for major bus plant

Posted on 16 July 2012

A Memorandum of Understanding by Oman Investment Fund (OIF), a sovereign wealth fund of the Sultanate of Oman, with the Qatari public transport company Mowasalat, for the establishment of a major bus manufacturing and assembly project in the Sultanate. Gulf Times quoted an unnamed official of Mowasalat as saying that the proposed venture would be the largest of its kind in the Middle East, and would meet the demand for buses across the Gulf region.
“With the signing of the MoU for such a major project, we also look at the opportunity to expand our operations through new investment opportunities and partnerships that would help us achieve our mid-term and long-term goals and objectives,” Mowasalat was quoted saying in a statement………………………………………..Full Article: Source


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