SVP Global Ventures’ wholly-owned subsidiary -- SV Pittie Sohar Textiles (FZC) LLC has entered into an agreement to establish a new $300 million cotton yarn manufacturing plant in Sohar Freezone. The company has also entered into an agreement with Bank Sohar to finance and syndicate the same.
SVP Global Ventures was incorporated with the main object of carrying on the business as an investment company. Later, the company diversified to the business of media and entertainment.