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MDO announces strategic partnership Synergies Casting Oman

Minerals Development Oman (MDO), an affiliate of Oman Investment Authority (OIA), has established a strategic partnership with Synergies Casting Oman (SCO), which is set to start commercial operation of its alloy wheel manufacturing plant in Suhar Industrial Estate in Q1 2022. As part of the partnership, MDO is acquiring a 14.8 per cent stake in Synergies...
Al Batinah Sultanate Of Oman Eng Ahmed Al Mazrouei Al Jeel Saeid Eng Nasser Al Maqbali Oman Investment Authority

Minerals Development Oman acquires 14.8% of Synergies Casting Oman

Muscat: Minerals Development Oman (MDO) has recently established a strategic partnership with Synergies Casting Oman “SCO” to acquire 14.8% of the Company's shares, that plans to operate an alloy wheel manufacturing plant in Suhar Industrial Estate, which expected to start commercial operation in Q1 2022.The RO 42 million project is expected to produce...
Al Batinah Sultanate Of Oman Eng Ahmed Al Mazrouei Al Jeel Saeid Sohar International Bank Minerals Development Oman

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