Thursday, July 24 - 2008

Oman to build $1bn healthcare city

Oman: Wednesday, March 19 - 2008 at 15:06

Oman's Majan Development Company has announced plans to develop a healthcare city near Muscat with an estimated investment of 300-400 million rials ($774m to $1.03bn), reported Reuters. A senior official of the Kuwait-based Gulf Investment House, which is initiating the project with a 20% stake, said a feasibility study for the project is underway. Oman's Ministry of Tourism has agreed to allot land of one million square metres near Blue City, which is 100 kilometres away from Muscat.

Jeff  Florian Jeff Florian, Senior Reporter
Wednesday, March 19 - 2008 at 15:06 UAE local time (GMT+4)

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