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  • 20-03-17

    Oman Sohar Port to issue USD8bn in new investments

    (MENAFN) Sohar Port and Freezone (Sohar) is aiming USD8bn worth of new investments in the coming five years on the back of a new phase of expansion that the industrial port has embarked upon.

    Accordingly, Sohar will build on the Port of Rotterdam's extensive experience with similar projects, like the massive Maasvlakte 2 land reclamation in the Netherlands.

    Meanwhile, the Sohar 2040 plan will finish, it will give a boost to the port's ability to help the Sultanate's aims to increase its diversification efforts.

    In addition, there are some external factors that are influencing growth; the general level of global economic uncertainty and low oil prices that are affecting all the GCC economies.


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