According to the report of Middle East Business Intellagence (MEED),
The Oman’s Finance Ministry has qualified companies to bid for the contract to develop 42 schools planned to be developed under public-private partnership (PPP) agreements in the sultanate.
According to industry sources, the following firms can bid for the contract:
- Aberdeen Standard Investcorp Infrastructure Partners (Bahrain)
- Al-Madina Real Estate (local)
- Galfar Engineering & Contracting (local)
- Lamar Holding (Saudi Arabia)
- Muscat National Development & Investment (local)
- Tamasuk Holding (Saudi Arabia)
- Vision International Investment Company (Saudi Arabia)
- Oman Investment Corporation (local)
- Renaissance Services (UAE)
- Alghanim International General Trading & Contracting Company (Kuwait)
Oman’s finance and education ministries invited companies to submit interest in April for the contract to develop its first schools PPP project.
The scope of the agreements is expected to include design, construction, finance, operation and maintenance works.
Oman’s PPP programme was launched in 2021, following the promulgation of the country’s PPP law in 2019.
In December, the finance ministry invited investors to participate in the development of Liwa Fishery Harbour in North al-Batinah as a PPP project.
Oman also plans to develop PPP projects in the healthcare sector, with planned schemes including a facility for hemodialysis facilities around the country. A drug rehabilitation centre has also been planned for Sohar.
The country’s Public Authority for Privatisation & Partnership (Papp) was dissolved as part of a wider government restructuring announced in August 2020.
The newly reorganised Finance Ministry was to comprise the legacy assets of Papp, which prior to the August 2020 move was understood to have a pipeline of 49 projects in the education, healthcare, logistics and utilities sectors.
Papp’s portfolio included the Salalah-Thumrait truck road scheme, school projects in the country and an industrial waste treatment facility in Sohar.
The news rights and credit to Middle East Business Intellagence (MEED)