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Karwa Motors launches tender to build bus assembly plant in Oman [free access]

November 7, 2018

Karwa Motors, a joint venture (JV) of Mowasalat Qatar (70 per cent) and Oman Investment Fund (OIF-30 per cent), has launched a tender for the construction of bus assembly plant in the Duqm Special Economic Zone (SEZ). The contract is expected to be awarded by the end of November 2018. The construction is expected to start in January 2019 and be completed by February 2020. The production of buses is expected to commence by Q2 2020.

 

The plant will have annual production capacity of 1,000 buses initially which can be increased to 3,000 buses later. It will manufacture urban and school buses and luxury coaches. Phase 1 of the project will require an investment of USD90 million.