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FINANCIAL NEWS
Oman grants USD130m Port Sohar contract
21 Jan 2013
(MENAFN) Oman’s Port of Sohar announced that a USD130 million contract has been granted to Hong Kong’s Hutchison Whampoa to set up and operate a port terminal in Sohar, reported Arabian Business.
It added that the company will be also in charge of managing the terminal after completion, which is expected at the end of 2013.
The new terminal is projected to increase the port’s capacity to 1.5 million (20ft equivalent units) from 800,000 TEU.
Following the expansion, Sohar will be placed in a competitive position for shipping lines that will bring their cargoes with direct lines to the country.
Furthermore, Oman will be viewed as a gateway center for these firms’ transshipment cargo in the region.
It is worth noting that Sohar is home to a number of major industries, including an aluminum smelter and a free zone.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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