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Renaissance secures funding for Oman workers village expansion MUSCAT, 20 days ago Oman-based Renaissance Services has secured funding worth RO31.7 million ($82 million) for the expansion of its workers village at Duqm region of the sultanate, reported Times of Oman.
Phase One of the Renaissance Village Duqm (RSVD) had been completed out of funding from equity, shareholder’s bridge funding and internal surplus; and its total capacity now stands at over 23,000 beds, said the report.
The new funding comes following the successful closing of debt financing deals with six leading Omani financial institutions - Bank Muscat, National Bank of Oman, Bank Dhofar, Ahli Bank, Oman Arab Bank and Al Omaniya Financial Services. ....
Renaissance Village Duqm concludes financing for its expansion | Times of Oman timesofoman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofoman.com Daily Mail and Mail on Sunday newspapers.