Omani government raises stake in OAS to 80%

The Omani government has raised its stake in the Oman Aviation Services private company by 80% to 50 million Omani Rials.

The proposed hiked investment in the firm is meant to help the aviation company to reach the next few years' plans for new destinations and acquirement of new aircrafts from Beoing and Airbus.

Currently, both the avaiation services company and international airports of the Sultanate are facing massive upgrades in light of increasing number of passengers through the country in hope of raising the country's tourism contribution to the overall GDP by the year 2020.

Links:

- OAS to hike-up paid capital to RO50m (English)

- Omani government raises stake in OAS by 80% to RO50m (Arabic)

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