SFD signs $320m agreement to finance infrastructure project in Oman

RIYADH: Saudi Fund for Development has signed a memorandum of understanding with Oman’s Ministry of Finance worth SR1.2 billion ($320 million) to finance the infrastructure development project of the Special Economic Zone in Ad Dhahirah, Oman.   

The MoU aims to open new horizons of cooperation between the two countries through the establishment of the economic zone which is set to promote economic growth, increase trade, and encourage partnerships, according to a press release.