Oman: Port of Salalah on Right Track
Port of Salalah, also Salalah Port Services Co. SAOG, has announced its unaudited consolidated financial results for the first three-months (Q3) ending 30 September 2012 to the Muscat Security Market, reflecting consistent growth in volumes, productivity and profitability margins for the region’s second largest port operating company.
The port’s container volume in Q3 grew by 15% year on year to 2.757 million TEU (Twenty Foot Equivalent Unit), against 2.394 million TEU in Q3 of last year, while general cargo (non-container) volume also grew to 5.2 million ton from 4.9 million ton last year.
Abdul Aziz Ali Shanfari, Chairman at Port of Salalah, said, “We look forward to the continuation of our successful collaboration with government investiture into the infrastructural development of the port, airport, and rail projects envisioned for Salalah, and for the increasing connectivity in Oman and its regional role in logistics. Port of Salalah’s expansion projects will serve the Government of Oman’s vision for continued stability and consistent growth both short and long term.”
The future developments at the Port of Salalah include a new breakwater project which is designed to provide SME development and new jobs alongside a world-class passenger cruise terminal, which will be a major stimulus to accessible and community-centric tourism.
Peter Ford, CEO at Port of Salalah said, “The Port of Salalah is still, and will always be, a significant transshipment hub. We add a huge amount of value to shipping line networks. The next phase is for cargo owners and logistics providers to take advantage of this massive backbone of connectivity that Salalah’s advantageous location offers.”
Press Release, November 13, 2012