Duqm authority signs USD265mn finance agreement with Chinese bank
Oman’s Special Economic Zone Authority in Duqm (Sezad) and China-based Asian Infrastructure Investment Bank (AIIB) have signed a USD265mn loan agreement for funding the second phase of Duqm Port. The package is related to implementing the commercial terminal within the port. As per the agreement, Sezad will receive USD265mn worth of loans, which will be repaid in installments for a period of 25 years, including a five-year grace period. (Times of Oman)
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