GCTL8.com (FocusAsia Media Ltd)

BEIJING, Dec 13 (FAM) – The Asian Infrastructure Investment Bank (AIIB) has approved two loans totaling 301 million U.S. dollars for transport sector projects in Oman, the bank’s first in the Arabian Peninsula.

The financing comprises 265 million dollars to maritime infrastructure at Duqm Port and 36 million dollars to the country’s first railway system, the AIIB said in a statement.