Oman will receive finance to the tune of USD301mn from Asian Infrastructure Investment Bank (AIIB) for developing two major transport projects in the country – maritime infrastructure at Duqm and for preparing the country’s first railway system. The bank’s board has already approved the funding, which is the first project financing by AIIB in the Arabian Peninsula, according to a press release. The bank’s support comprises USD265mn towards Oman’s maritime infrastructure at Duqm Port and USD36mn to prepare the country’s first railway system. (Times of Oman)