OMAN-CHINA-DUQM-AGREEMENT

Omani Yahya bin Said bin Abdullah Al-Jabri, Minister of the Special Economic Zone Authority at A'Duqum (C-R) and Chinese Ali Shah, Chairperson of Oman Wanfang L.L.C shake hands after signing an economical agreement on May 23, 2016 in Muscat. Chinese investors signed a deal with Oman's government to establish an industrial city, including an oil refinery, in the port town of Duqm, both sides said in a joint statement. The agreement signed during the ceremony in Muscat would open way for investments worth $10.7 billion by 2022 to finance industrial projects in Duqm, on the Arabian Sea, which the Omani government is developing in a bid to diversify revenues beyond oil. / AFP / MOHAMMED MAHJOUB (Photo credit should read MOHAMMED MAHJOUB/AFP via Getty Images)