SOHAR Port and Freezone have signed a Development Agreement with Hutchison Ports Sohar.
The agreement will see a joint Feasibility Study conducted for the expansion of SOHAR Port alongside the addition of a new container terminal capable of receiving mega-vessels.
Hutchison Ports Sohar says this is in line with implementing the Sultanate’s aspirations to increase revenue from the logistic sector, in accordance with the objectives of ‘Oman Vision 2040’,
The feasibility study will commence this year and will assess the social, environmental, logistical, In-Country Value and economic impacts of any future expansion. Moreover, it will provide a clear roadmap for future expansion to meet the needs of the growing local and regional economy. Apart from enhancing the competitiveness of SOHAR Port, at the regional and global levels, especially in containers and cargo handling, it will further contribute towards the generation of more local job opportunities.
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