The company submitted two prices offers for the work, the first of RO169.6m($443m) and the second of RO168.1m ($439m).

Bids were also submitted by South Korea’s Hanjin Heavy Industries & Construction, India’s Larsen & Toubro (Oman), Iran’s Saff Offshore Industries Company and the local Galfar Engineering & Construction with South Korea’s Daewoo Engineering & Construction.

The contract includes two 410 metre docks, 2.8 kilometres of quay wall, crane foundations and office buildings. The project is being financed through a $660m loan from the Japan Bank for International Co-operation.