Investment at Oman's Sohar Port and Freezone reaches RO10.4bn

Published 22 Nov,2020 via Muscat Daily - Sohar Port and Freezone, one of the largest industrial and logistics projects in the sultanate, has been able to attract a total investment of more than RO10.4bn since the inception.

‘Since the establishment of the port 16 years ago, and the establishment of the adjacent freezone 10 years ago, Sohar Port and Freezone has attracted a total of over US$27bn (or RO10.4bn) worth of investments, valued as of mid-2020. This was a positive reflection of Sohar’s contribution towards achieving the sultanate’s development goals and economic diversification efforts within the industrial and logistics sectors,’ Sohar Port and Freezone said in a statement issued on the occasion of Oman’s 50th National Day.

Sohar Port facilitates quick and easy transportation of goods to serve the demands of fast-growing markets across Africa, Asia and the Middle East. The existing road network links Sohar Port and Freezone to the neighbouring countries, including the UAE, and will soon provide direct connectivity to Saudi Arabia.