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FINANCIAL NEWS
Oman’s Sohar Port draws USD21b worth of investments
09 Jun 2015
(MENAFN) Oman’s Sohar Port, the industrial area and its free zone, enticed a total of USD21 billion worth of investments over the last ten years, according to a senior official, Times of Oman reported.
The Sohar Industrial Port Company (SPIC) is currently mulling over a deal to sign an Engineering, procurement and construction contract (EPC) to build Oman’s first sugar refinery.
“So, you can imagine the rapid development and growth in this facility in Sohar. We took full advantage of the (strategic) location of Sohar, which is just outside the Strait of Hormuz,” the deputy chief executive officer of SPIC said.
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