Daewoo Shipbuilding in Oman deal

South Korea’s Daewoo Shipbuilding and Marine Engineering has won a 10-year contract to manage a ship-repair yard in Oman, the ONA official news agency said.

It said officials from the Omani government and the company signed an agreement over the running of the yard, which is part of a harbour Oman is developing at Duqm on its southeast coast at a cost of a $400 million.