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FINANCIAL NEWS
Oman’s Salalah port reports 14-year high in cargo volumes
12 Aug 2012
(MENAFN) Oman’s Salalah Port Services Co said that it handled 920,000 TEUs during the second quarter, the highest volumes in the port’s 14 year history, Arabian Business reported.
The company also reported a 13 percent increase in container cargo volumes during the first six months of the year, and 4 percent growth in non-container volumes compared to a year earlier.
Several firms have recently signed up for investment in Salalah Port and Free Zone, meaning that the port will see large increases in cargo growth and job creation, the statement said.
The government is expanding the general cargo terminal at the port in preparation for the coming increases, and expects the amount of non-container cargo to double by the end of 2014, the statement added.
The port operator also said the use of Salalah as a distribution location for the growing markets of East Africa, India, and the Middle East has accelerated during the first half with new agreements signed.
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