Civil Aviation Investments Reach 25.4M Riyals
GIMF Airways signed an agreement with the Civil Aviation Authority of Oman and a memorandum of understanding with Makh Aerospace Global, as part of the Investment Forum aimed at strengthening the national aviation sector. The agreements focus on localizing technologies and expertise related to the manufacturing and maintenance of aircraft components and structures, in line with Oman Vision 2040. Studies indicate that the total investments for these projects amount to approximately 25.4 million Omani Rials (66 million US dollars), including a capital investment of 12.6 million Rials (33 million US dollars) for aircraft structure manufacturing. This figure is expected to increase as industrial, training, and support service capacities expand. These partnerships represent a strategic shift in the Omani aviation sector, evolving from transportation services to an integrated system encompassing maintenance, repair, engineering training, and manufacturing.
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