Sohar Port and Freezone attracts $27bln worth of investment

SourceZawya
SectorEconomy
CountryGCC

It facilitates quick and easy transportation of goods to serve the demands of fast-growing markets, with a consumer reach of over 2.2 billion across Africa, Asia and the Middle East. Sohar Port is one of the few global ports equipped with natural deep-water jetties of approximately 25 m in depth, capable of handling the world`s largest cargo ships of up to 362 m in length and over 400,000 tonnes.The existing road network links the Port and Freezone to neighbouring countries, including the United Arab Emirates, and will soon provide direct connectivity to the Kingdom of Saudi Arabia, one of the largest markets in the GCC. The port receives over 3,000 vessels annually and handles an estimated 1.5 million tonnes of cargo each week, with the capacity to handle more than 2 million TEUs per year.Sohar Port is the main gateway for import and export in the Sultanate, with over 60 per cent of the Sultanate’s imports entering through the port. This is in addition to over 40 per cent and 80 per cent of exported and re-exported goods, respectively.

The Port and Freezone play a vital role in connecting Oman to markets around the world, thus contributing to a...read more...