| Project Detail |
Second Project: Sea Fishing Port in the State of Dibba in the Governorate of Musandam in the Sultanate of Oman.
A loan agreement, valued at KD 27 Million, was signed to contribute to the development of sea fishing activities and aims at raising the efficiency in the utilization of the abundant supply of fish in the Governorate of Musandam overlooking the Sea of Oman and the Arabian Gulf. This will contribute to meeting the demand on local consumption in the Sultanate of Oman and the increasing rate of fish and other seafood export. It will also contribute to the support of the economic and social development in the Governorate, through the development and expansion of the sea fishing port in the State of Dibba in the Governorate of Musandam.
The project includes the following main components:
Implementation of works.
Consultancy services.
The Arab Fund loan will carry interest of 2.5% per annum, and will be repayable over 30 years including a 5 year grace period.
The Ministry of Agriculture and Fisheries is the beneficiary of the loan, and is responsible for the supervision and implementation of the project. |
