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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.
Oman to offer investors long-term residency; cut income tax on SMEs Reuters/Dubai Filed on March 9, 2021 | Last updated on March 10, 2021 at 06.34 am Oman will cut rent at the Duqm Special Economic Zone and industrial areas until the end of 2022. — AFP Oman is one of the Gulf’s weakest economies and was hit hard by the coronavirus pandemic and low oil prices. Oman will reduce income tax for small and medium businesses for 2020 and 2021 and will offer long-term residency permits for foreign investors, state TV said on Tuesday. The plans announced on state media are part of Oman’s Vision 2040 aimed at diversifying the economy away from oil, which makes up the bulk of state revenues.
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Oman will reduce income tax for small and medium businesses for 2020 and 2021 and will offer long-term residency permits for foreign investors, state TV said on Tuesday.
(Adds details) DUBAI, March 9 (Reuters) - Oman will reduce income tax for small and medium businesses for 2020 and 2021 and will offer long-term resid...
A refinery employing eco-friendly technology is being built in Duqm, Oman, at a cost of $4.2 billion, a report said. It is a public-private partnership involving the sultanate, Canada Business Holdings and Special Economic Zone Authority at Duqm (Sezad).
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