Sultanate of Oman

Fishing Port in Wilayat Daba in the Governorate of Musandam
Loan No: 675 Interest Rate: 2.5 %
Beneficiary: Ministry of Agriculture and Fisheries Grace Period: 5 years
Project Cost: KD 34.4 million Maturity: 30 years
Amount of Loan: KD 27.0 million Repayment: 51 semi-annual installments
Date of Board Approval: 2020-06-10 First Installment: 5 years following the first disbursement
Date of Loan Agreement: 2020-04-27 Date of Loan Effectiveness: -

Objectives:

The project aims at developing the marine fishing activities and increasing the efficiency of the exploitation of the fish resources in the governorate of Musandam in order to meet the local demand in the Sultanate of Oman and increase the export rate of fish and other marine animals. In addition, the project will contribute to supporting the economic and social development in the governorate through the development and expansion of the current fishing port in Wilayat Daba in the governorate.

Description:

The project, which is expected to be completed by the middle of 2023, includes the implementation of the infrastructure works related to the development and expansion of the port, buildings and public utilities, the necessary facilities and equipment to operate and utilize the port, in addition to the necessary consultancy services to supervise the implementation of the project works. The project includes the following main components:

  1. Works Implementation:This includes the implementation of all the necessary infrastructure works to develop and expand the current fishing port, which includes the marine drilling works to deepen the port basin, the entrance channel, the filling behind the berth, the construction of breakwaters with a total length of about 1700 m, fixed berths with a total length of about 1000 m, boat ramps and 6 floating berths, and buildings and public utilities, in addition to the provision of necessary facilities and equipment to operate and utilize the port.
  2. Consultancy Services:This includes the provision of the necessary consultancy services to assist the Ministry of Agriculture and Fisheries in supervising the implementation of the project and technical monitoring of the works, in addition to the preparation of any complementary studies required for the implementation of the project.

Financing:

The Arab Fund’s loan covers 79% of the total project cost. The Omani government will cover the remaining cost of the project and any additional project cost that may arise.