Oman finance ministry has said the Sultanate and the Belgian port of Antwerp have signed an agreement to set up a 50-50 joint company to manage the country's port at Duqm, Reuters has reported. The port is under construction and is expected to be completed in 2012. Duqm is being developed as a major industrial city with a construction of an international airport, a free trade zone, a power plant, an oil refinery and shipping repair facilities.
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