• Oman

    • National Gas signs 44-year lease contract with Khazan Economic City

    By on October 19, 2023

    Launching Khazaen Truck Rest Area Project

    Muscat: National Gas signs 44-year lease contract with Khazan Economic City

    In a disclosure to Muscat Stock Exchange the company said:  “We are thrilled to share a major development with our esteemed shareholders. On 18.10.2023 National Gas SAOG officially signed a 44-year lease contract with Khazan Economic City for the development and maintenance of the Truck Rest Area.

    This project aims to establish a Truck Rest Area in Khazaen, complemented by commercial shops, drivers’ dormitory, vehicle maintenance services, tire shops, and storage facilities to support truck operations with a size of 50,000 sqm. The total budgeted capital expenditure for this project would be OMR 2.7 million and the Company is in the process of evaluating the various options for financing the required investment in this project. This investment represents a significant commitment on NGC’s part, demonstrating our confidence in potential returns and the positive impact it will have on the company.

    We are dedicated to enhancing shareholders’ value through strategic investments. Our involvement in this project aligns with our growth and diversification strategy.

    Thank you for your trust in National Gas SAOG.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.