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Oman funds new infrastructure projects
Oman is using surplus oil revenue to invest more than $2.5 billion in power plants and water desalination projects over the next five years, Khaleej Times reported Tuesday (April 27th). Oman is also looking at experimental alternate energy projects, said Ahmed al-Jahadhami, a senior official at the Public Authority for Electricity and Water.
Abdul Nabi Macki, the economy minister, said that Oman's economy was not affected by the global financial crisis and that the country registered growth of 3.7% last year. The oil and gas revenue is allowing the government to focus on upgrading infrastructure, he added.
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