Second phase Sohar Freezone assesed
The first phase of the Sohar Freezone is filling up fast and the second phase expansion plans are being assessed technically and financially, according to Edwin Lammers, executive commercial manager, Sohar Port and Freezone, the company said in its press release.
"The first phase of the Freezone is filling up fast – at 46 per cent. Currently, 227 hectares are occupied with a further 158 committed, representing 80 per cent of the first phase." The first phase (500 hectares) and the second phase are a part of a master plan to develop around 4,500 hectares in different phases. The process of assessing the technical and financial requirements of the second phase is underway.
The Port's three major clusters – logistics, petrochemicals and metals – will soon be joined by Oman's first ever terminal to be dedicated to the handling of agricultural bulk. This new addition will manage the nation's strategic food reserves and joins independent terminals operated by world-class leading companies that include C. Steinweg Oman for general cargo, a joint venture between Oiltanking and Odfjell for liquid cargo, and Hong-Kong based Hutchison Whampoa for containers.
Sohar Port and Freezone is a deep-sea Port and Freezone, managed by the Sohar Industrial Port Company (SIPC), a 50-50 joint venture between the Port of Rotterdam and the Sultanate of Oman.
It benefits from a strategic position outside the Straits of Hormuz. Located at the centre of global trade routes between Europe and Asia, it is also a cornerstone in the region's fast developing road-air-rail infrastructure, offering better business connections and great opportunities for growth.
