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Muscat:
US
construction firm Hillwood Development has pulled out of
joint venture with the Omani government to build a free
trade zone in the south of the state. Diplomats blamed
the decision by the Texas-based company to abandon the
planned Salalah Port Free Zone on bureaucratic issues.
Hillwood, which held a majority stake in the project,
was not willing to go ahead with the investment, Jamal
Tawfiq, director general of Ports and Maritime at the
Communications Ministry, has been quoted as saying. The
government has formed a committee to review the Salalah
free trade zone after this withdrawal and is looking for
another partner.
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