Sohar International, Sohar Port ink MoU for boosting trade and commercial activities

Sohar International, Sohar Port ink MoU for boosting trade and commercial activities

Sohar International signed a Memorandum of Understanding (MoU) with Sohar Port and Free Zone (SFZ) for further boosting trade and commercial activities in the zone and the national economy in general.. As per the signed MoU, the bank will explore potential capacities of business in new value-creation areas, including collaboration for new products, services and technologies for the existing and future investors registering with Sohar Port and Free Zone.. The MoU was signed at the Sohar International's head office at Waterfront in Shatti Al Qurum.. Highlighting the importance of the MoU to the national economy, Al Musalmi said, "With the government's economic diversification programme, further development of Sohar Free Zone will simultaneously contribute to the steady economic growth of the Sultanate.. Under the agreement, Sohar International will provide banking services to companies based in the zone, as well as to corporates that are to establish their operations in the area.. , Sohar International is expected to provide its full range of banking services including opening a new bank account, e-services, financial arrangements, among others, in accordance with the rules and regulations set under the Banking Law of Oman, Central Bank of Oman and Sohar Port and Free Zone..