20 Mar 2017
(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.
MENAFN2003201700450000ID1095328938
MENAFN2003201700450000ID1095328938
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