(MENAFN) The Sultanate of Oman and Italy"s Italferr have signed a USD35.2 million deal for the latter to provide consultancy services on a USD15.5 billion railway project, Arabian Business reported
The 2,244 kilometer railway project across Oman is part of a larger railway project linking all six GCC countries
The project can help Oman to push its economy away from only depending on oil and gas by facilitating trade and industrial projects, while increasing the GCC"s geopolitical security by giving them a trade route that bypasses the Strait of Hormuz
The Gulf nation"s Minister of Transport and Communications said that this is one of three deals related to the railway project
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