Sohar Port and Freezone announced on Monday that has inked an agreement with Sohar Steel Rolling to lease 40,000 square metres of land at the Freezone to the company for a steel rod manufacturing unit. 
The seven million Omani riyal ($18 million) investment is poised to meet the huge demand for stainless steel manufacturing in the Sulatanate, the freezone announced via its twitter account.

(Writing by SA Kader; Editing by Anoop Menon)
(anoop.menon@lseg.com)