Investments in India at $350m

MUSCAT — Oman considers India as a strategic partner in its development process, National Economy Minister Ahmed bin Abdulnabi Macki said here on Tuesday.

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Published: Wed 15 Dec 2010, 11:22 PM

Last updated: Mon 6 Apr 2015, 10:08 AM

He pointed out that the sultanate, through the State General Reserve Fund and the Oman Investment Fund, had invested in a number of projects in India estimated at $350 million.He added a newly set up Oman-India Fund would result in more joint ventures between the two countries.

He made the observations during a meeting with Dr Montek Singh Ahluwalia, Deputy Chairman of India’s Planning Commission and representative of Prime Minister Dr Manmohan Singh.

Macki said Oman was about to launch its Eighth Five-Year Plan which, he added, included many infrastructure and development projects in various sectors such as construction, communications, ports and airports.

Ahluwalia on Tuesday also called on Minister Responsible for Foreign Affairs Yousef bin Alawi bin Abdallah.

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