Port Services Corp. to be liquidated by January 2017
An extraordinary general meeting of the Port Services Corporation (PSC) has unanimously decided to liquidate the company with effect from 1 January, 2017, after the expiry of present concession agreement on December 31. The move to liquidate the company was in light of the fact that the renewal of the concession agreement to operate and manage the Port Sultan Qaboos for another year (2017) will not be economically viable and will not generate adequate returns for the shareholders, the company said. (Times of Oman)
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