Mubasher: Oman’s State General Reserve Fund (SGRF) and Oman Investment Fund (OIF) are among a group that will sign an agreement on Tuesday to establish an Omani metals development company.

To be sealed at the Capital Market Authority’s office, the agreement will be setting up a joint-stock company under construction, in partnership with state-owned Oman Oil Company and Oman International Development and Investment Company.

Oman’s mining sales revenues were estimated at OMR 36 million in the first half of 2015, with growth prospects for the next five years.