VOL. XLVI

No 3

20-January-2003

OMAN

AFESD Agrees $14.7Mn Loan With Oman For KhasabPort Development

The Arab Fund for Economic and Social Development (AFESD) has agreed a loan worth KD4.5mn ($14.7mn) with the Omani Government to help finance the development of the port at Khasab. The project will study the volume of maritime traffic expected at Khasab, support fishing around the Musandam peninsula, develop basic infrastructure and improve port facilities. The interest on the loan is 4.5% per annum...