The two companies will establish an Oman based LLC Company ‘Ultra Middle East’ to execute and manage this project.
OIC will have 30 percent shareholding in the company.
Subject to the final contract agreement, Ultra Middle East will act as the master systems integrator for new terminals at Muscat and Salalah airports.
The scope of the contract covers the supply of all electronic infrastructure, including installing Ultra’s airport IT systems, IT networks, communications and security systems at both airports.
Muscat and Salalah airports are being developed to be capable of handling 48 and 10 million passengers per annum respectively.
The development of these airports has been commissioned by the Omani Ministry of Transport and Communications.
Oman Investment Corporation is a leading private equity investment company in Oman with investments in oil and gas, petrochemicals, manufacturing and services industries.
Ultra Electronics is an internationally successful defense, security, transport and energy company with a long, consistent track record of development and growth.
Ultra is a global provider of advanced airport IT solutions.
