Mubasher: Oman National Engineering and Investment Company announced being awarded a contract for the construction of 33KV Feeder from Sumail Grid Station to Sumail Industrial Areas 1 & 2 Sub-Stations at Sumail Wallyat- Dakhlia Province.

The eight-month tender amounts to OMR 1.228 million and was awarded by The Mazoon Electricity Company, the engineering firm said in a filing to the Muscat Securities Market (MSM) on Wednesday.

The company also announced selling 50% of its shareholding or 2.5 million shares in Oman International Development and Investment Company (Ominvest). The trade value of the deal amounted to OMR 1.165 million, according to another bourse filing.