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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Pact for major bus plant

Posted on 17 July 2012

A Qatari newspaper has reported the signing of 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……………………………………….Full Article: Source

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