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Qatar firm signs deal to set up bus factory in Oman

Qatar public transport company Mowasalat has signed a memorandum of understanding with Oman Investment Fund (QIF) for a joint investment to set up a bus manufacturing and assembling facility in the Sultanate, Gulf Times has reported. Spread over nearly one million square metres, the proposed venture in Oman would be one of the largest of its kind in the whole of the Middle East, said Mowasalat.