Sohar Free Zone Review

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Unfortunately, after reviewing the Free Zone Law, I found ACE encouraging investment, because the Free Zone Law is very narrow in contrast to the Free Zone Law in Zarqa Jordan.

NICE PLACE, LOT OF INDUSTRIES AVAILABLE HERE AT SOHAR PORT

Sohar Port and Free Zone organized the annual meeting of the company in the Chedi Hotel Muscat yesterday. The forum was attended by a large number of strategic partners and representatives of companies operating in the port and the free zone. The company reviewed the most important achievements during 2019, as well as the company's plans for the coming years.
Revealed operational performance for the year 2019 for achieving growth significantly in productivity, with the average tonnage handled during the past year, more than 1 million tons per week, while bringing the total investment in the port to 10.4 billion RO (equivalent to 27 billion dollars US), has reached dry cargo handled during the year 2019 more than 36 million tons, the volume, while the liquid cargo volume reached more than 15 million tons, along with more than one million tons of bulk cargo. As for the vessels that were received at the port, their number reached about 3,200 vessels, 900 of which were in the last quarter of the year. In terms of expansion, the port management has revealed the first phase of the southern expansion of the port is completed with an area of 50 hectares of land marine reclamation, while work is under way on the second phase, which will include 200 new hectares to the current area of the port, which is estimated at 2,000 hectares. It was also mentioned the expansion plans of the free zone that are currently being worked on, which will contribute to making more land available for new investors.
Said Mark Gelinkircn, Chief Executive Officer of Sohar Port: "It was the year 2019 a fruitful year in terms of attracting a large number of international companies to start their business in Sohar Port and Free Zone, which will reflect positively on the project's contribution to gross domestic product (GDP), and the support of the Omani government plans to diversify sources Income, in addition to providing more job opportunities, and we look forward in the year 2020 to complete the southern expansion of the port, which will witness the entry of large names such as Tercorp and Total, which will work to establish a station to supply ships with fuel and liquefied natural gas, which in turn will contribute to attracting more investments to the port. .
On the growth movement in the free zone, Omar Bin Mahmoud Al Mahrazi, CEO of the free zone and executive vice president of Sohar Port, said: Since its establishment, the Sohar Port and the free zone has emerged as a global logistical and industrial center and employs a highly qualified and efficient workforce while continuing to invest in solutions. innovative and develop strategies to achieve the national goals of the Sultanate. We seek to continue our commitment to keep pace with government directions for economic diversification and logistics strategy in the Sultanate and to promote foreign direct investment flows to drive growth faster, benefiting from being the only entity in the region that includes a highly efficient port and a free zone with unique benefits under one administration and working in an integrated coordination for customer service.
Al-Mahrazi added: We are proud of the new global investments that we succeeded in attracting during the past year, which will contribute to strengthening our vision of integration in industrial production in the region. Others, which is reflected positively on the level of sustainability, reducing operating costs and enhancing the region's attractiveness to attract new investments and industries. We have very competitive advantages in the free zone such as the strategic location near the most important global markets, along with multiple energy sources and large areas of land intended for leasing, as well as quick procedures to start projects and other advantages that are of interest to all global investors, and we are confident that The rate of attracting investments is on the way to growth in the coming years.
Mark concluded by saying: We have a clear vision for the future of Sohar Port and the Free Zone, and we strive to succeed in our mission to enhance the project presence as a vital sustainable logistical center at the region level, and therefore our team is constantly working to provide excellent services to customers, while seeking to build cooperation relations with The local community, in addition to keeping pace with the latest international technologies in the field of ports and free zones to achieve the maximum possible benefit on the economic and social levels in a way that serves the future vision of Oman 2040 .
Commercial contracts and agreements during the year 2019
On the level of new agreements, 2019 witnessed the signing of a set of agreements with a number of international companies in various sectors, where the foundation stone was set for the projects "Rfx Industrial Parks", Shell Oman and Sanvera, in addition to the additional expansions of Almanan Endel companies, the Prime Matrix, and S in my house. It was also signed new contracts in the free zone with all of the Gulf

This place contains fuel, food and other services as well as a mosque

One of the biggest free zone company in oman. They are handling all operations in sohar port area.