Sultanate of Oman
Infrastructure Facilities for Sumail Industrial Estate
| Loan No: | 576 | Interest Rate: | 3.0 % |
| Beneficiary: | Public Establishment for Industrial Estates | Grace Period: | 4 years |
| Project Cost: | KD 19.2 million | Maturity: | 20 years |
| Amount of Loan: | KD 14.0 million | Repayment: | 33 semi-annual installments |
| Date of Board Approval: | - | First Installment: | 4 years following the first disbursement |
| Date of Loan Agreement: | 2014-04-08 | Date of Loan Effectiveness: | - |
Objectives:
The project aims at developing the industrial sector in the Sultanate of Oman in order to create new jobs, particulary for the youth. This will be achieved through the construction of a new industrial estate at Sumail area that includes all the infrastructure facilities needed to enable investors to build new industries.
Description:
The project, which is expected to be completed by the end of 2016, consists of the following main components:
- Civil Works: These include construction of buildings, water reservoirs, water networks for drinking, industrial use and for fire fighting, wastewater networks and treatment plants, rainfall drainage canals, irrigation networks, main and secondary roads, parking areas and all other civil works needed for the project.
- Technical Services: These include preparing studies, final detailed design, tender documents, and construction supervision. In addition, technical services include hiring of local and foreign experts.
- Institutional Support: This includes procurement of equipment and tools needed to operate and maintain the different facilities, in addition to conducting training programs for the local staff, and carrying out a program to raise the awareness of industries on safety and environmental protection.
Financing:
The Arab Fund’s loan covers about 73% of the total project cost. The Public Establishment for Industrial Estates will cover the remaining cost of the project and any additional cost that may arise.