Middle East Economic Survey


No 34



China To Build Four Large Ships For Oman

Oman and the Export-Import Bank of China have signed a funding agreement to build four 400,000 tons capacity carriers for the Oman Shipping Company. The vessels are to be built by Jiangsu Rongsheng Heavy Industries Group of China and will be used for the transport of iron pellets from Brazil to the plant of the Brazilian company Vale in the Sohar Industrial Estate. Two carriers are expected to be...