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Oswal Group to build $400m soda plant in Oman Wednesday 11th November, 2009
Oswal Group to build $400m soda plant in Oman
by Saleh Al Shaibany on Tuesday, 10 November 2009 ArabianBusiness.com
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SODA PLANT: Oswal has appointed Bank Muscat as financial advisor for the project.(Getty Images)
Oswal Group Global plans to build a $400m caustic soda plant in Oman's southern port city of Salalah, a company official said on Tuesday.
"The company has completed a feasibility study and expected to start construction of the plant in the fourth quarter of 2010," a spokesman from its local subsidiary Oswal Oman Caustic, told Reuters.
Oswal Group Global, a diversified family-owned firm, has appointed Bank Muscat as financial advisor for the project, he added.