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China’s investment in $10.7bn city in Oman to provide building boost

An agreement between Oman’s government and Chinese investors to develop a new US$10.7 billion industrial city near the port of Duqm will help Oman’s flagging construction sector, which is expected to this year post its slowest growth since 2000, according to BMI Research.

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Oman is expected to run an average fiscal deficit of 11 per cent of GDP over the next five years, according to BMI Research. Bildagentur-online / UIG via Getty Images
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