Three hospitals to provide intensive care, emergency services and specialised baby care are going to be set up in Khasab, Suwaiq and Salalah.
The three will be built by UK-based firm International Hospitals Group (IHG), with support from UK Export Finance.
In this case, it has supplied IHG with a loan of more than £500 million, which is repayable in the form of a loan.
Work will also include the construction of emergency power systems, maintenance facilities, roads and other associated infrastructure.