ONEIC wins RO 16 million International School Construction Contract


Muscat: Oman National Engineering and Investment Company (ONEIC) wins contract worth RO 16 million to construct and maintain an international school in the Knowledge Oasis Muscat area

In a disclosure to MSX the company said: “The company would like to announce to its valued shareholders and investors that it has concluded a contract on 25/12/2023, to establish and maintain an international school in the Knowledge Oasis Muscat area on investment basis for one of the Operators specialized in the field of education. The contract value including maintenance contract amount is 16,500,000 OMR (Sixteen Million Five Hundred Thousand Omani Riyals), over a period of 15 years in cooperation with Artemis Education International. The company expects to achieve good returns from the project in the coming years which will contribute to the stability of the company’s business on the long term.”


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