| Oman plans to increase investment in highway and water supply projects in Vietnam, the Middle Eastern emirate's sovereign wealth fund said. The State General Reserve Fund of Oman signed an agreement of strategic co-operation for water infrastructure investment in Vietnam on August 31 between the fund's Vietnam-Oman Investments JSC (VOI), Manila Water Company (MWC) and Saigon Water Infrastructure Corporation (SII) – a subsidiary of Ho Chi Minh City Infrastructure Investment JSC (CII).
Most of the projects will be in or around Ho Chi Minh City. Under the agreements, VOI is committed to invest in a number of SII's joint projects such as highway projects or safe water supply projects. Meanwhile, the Manila Water Company, a leading private company of the Philippines with a total capital of around US$10 billion, committed to support SII in technical areas and management, particularly in water supply network management...............................................Full Article: Source
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