So­har Port and Free­zone at­tracts RO10bn in­vest­ment in 15 years

Muscat Daily - - BUSINESS -

So­har Port and Free­zone has at­tracted to­tal in­vest­ments worth more than RO10bn since it be­gan oper­a­tions 15 years ago, a se­nior of­fi­cial said on Mon­day.

Speak­ing at an event at Kempin­ski Ho­tel Mus­cat to cel­e­brate So­har Port’s 15 years of suc­cess­ful oper­a­tions, Dr Mo­hammed Nasser al Zaabi, chair­man of the board of So­har Port and Free­zone, said, “So­har Port and Free­zone has cre­ated re­mark­able foot­print and made its pres­ence recog­nised, both in the re­gion and glob­ally. We are also proud to be ranked as one of the fastest-grow­ing ports and free zones in the world, with in­vest­ments ex­ceed­ing RO10bn.”

He said, “With our strate­gic ge­o­graph­i­cal lo­ca­tion, pro­vid­ing us ac­cess to global mar­kets with an out­reach of over 2bn peo­ple, So­har Port is play­ing a vi­tal role in line with Oman’s Na­tional Lo­gis­tics Strat­egy 2040. The strat­egy aims to place the trans­port sec­tor as the sec­ond-high­est source of na­tional in­come along­side putting the sul­tanate among the top ten coun­tries for lo­gis­tics per­for­mance by the year 2040.”

So­har Port cur­rently han­dles over 61mn tonnes of cargo per year along with over 3,400 ves­sels. Around 62 per cent of Oman’s to­tal im­ports en­tered through So­har Port in 2017, along with 42 per cent of the coun­try’s ex­port vol­umes. In the same year, So­har Port and Free­zone also con­trib­uted to 4.8 per cent of Oman’s to­tal gross do­mes­tic pro­duce (GDP).

Zaabi said, “So­har Port and

Free­zone is also a trail­blazer for job cre­ation. It has cre­ated 10,836 di­rect job op­por­tu­ni­ties, with the com­bined value for both di­rect and in­di­rect em­ploy­ment amount­ing to 1.1 per cent of the to­tal num­ber of work­ers in Oman, which has gen­er­ated a com­bined added value of RO1.3bn in 2018.”

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