The project is estimated to cost $100m
OmanTwo shortlisted groups submitted in early September final prices for the contract to develop a military training college in Muscat. Cerco Trainingof the UK, with the local Bahwan Trading Companyand BNP Paribas, is competing with a team of Australia’s International Training, with the local OHI Douglas, Macquarie Bankand BankMuscatfor the project (Oman, MEED Special Report, 2:5:03, page 28).
The selected developer will finance, build and operate the college through a private finance initiative (PFI). The project, which is estimated to cost $100 million-150 million, will be the first privately-financed defence infrastructure scheme of its kind in the region. The Defence Ministry is the client (MEED 8:8:03).
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.