Karwa Motors, a joint investment project between Qatar and Oman, has rolled out its first Karwa-branded bus, which marked the start of the operations of the joint investment project between the Sultanate of Oman and the State of Qatar.
Karwa Motors is a joint venture between Mowasalat Qatar, the state-owned transport company of Qatar, which holds a 70 percent stake, and Oman Investment Authority, Oman’s sovereign wealth fund, which holds the remaining 30 percent.
Dr Ibrahim Albalushi, chief executive officer of Karwa Motors, said: “Karwa facility represents one of the most significant strategic projects in the transportation sector in this part of the world. The commencement of our operations and the subsequent roll out of our first-ever bus is the culmination of over four years of planning, cooperation, hard work and commitment towards a singular goal – to set the stage for what will become the beacon of automotive and industrial progress in the region.”
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