Oman first agreed to buy gas from Iran in 2005, but price disagreements and Western sanctions that have stunted Iranian energy projects prevented any real progress.
Ooredoo and Norway’s Telenor Group last year won telecom licences in the southeast Asian country, whose mobile penetration is about 10 per cent, among the lowest globally.
Jumeirah Park Pavilion is a 10,6000 square metre retail facility and will cater to residents of the Jumeirah Park, Jumeirah Islands and Jumeirah Village communities.
A banking source aware of the talks said that Meraas was looking to ‘front-load’ its debt plans so that it raised as much cash before construction began on its projects.
The aluminium plant had experienced issues during the initial start-up phase last year when it had to shut one of its two smelting lines due to problems encountered during ramp-up.
The project consists of three towers, out of which two are residential buildings while the other will comprise of hotel apartments, the developer said.