Sohar, Hutchison Ports ink port expansion deal
Sohar Port and Freezone has inked a development agreement with Hutchison Ports Sohar which will see a joint feasibility study for the expansion of Sohar Port, Oman.
Also, the addition of a new container terminal capable of receiving mega-vessels is included within this feasibility study.
The study will begin this year and will assess the social, environmental, logistical, In-Country value and economic impacts of any future expansion. Moreover, it will provide a clear roadmap for future expansion to meet the needs of the growing local and regional economy.
At the moment, Sohar Port is witnessing a growing occupancy rate and efforts should be enhanced to increase its capacity, to enable it to keep pace with future development.
The addition of new areas will increase the attractiveness of the Port and comprise the necessary infrastructure to attract important international shipping lines.
According to their official announcement, the successful implementation of the project is set to bring in sustainable economic and social benefits for the Sultanate as a whole, and in particular the Governorate of North Al Batinah.