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Muscat: In line with implementing the Sultanate’s aspirations to increase revenue from the logistic sector, in accordance with the objectives of ‘Oman Vision 2040’, SOHAR Port and Freezone signed a Development Agreement with Hutchison Ports Sohar. The agreement will see a joint Feasibility Study conducted for the expansion of SOHAR Port alongside the addition of a new container terminal capable of receiving mega-vessels.
The feasibility study will commence 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. Apart from enhancing the competitiveness of SOHAR Port, at the regional and global levels, especially in containers and cargo handling, it will further contribute towards the generation of more local job opportunities.
SOHAR Port is currently 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. 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.
Note to editors about Hutchison Ports Sohar
Hutchison Ports Sohar is a joint venture between Hutchison Ports, the Government of the Sultanate of Oman and a number of well-established Omani and overseas investors. Hutchison Ports Sohar is a modern container-handling facility capable of accommodating the latest generation of mega-vessels. It is situated in the Port of Sohar, outside the Strait of Hormuz in the Gulf of Oman, approximately 200 km from Muscat and 160 km from Dubai. Hutchison Ports Sohar is a member of Hutchison Ports, the port and related services division of CK Hutchison Holdings Limited (CK Hutchison).
Note to editors about Hutchison Ports
Hutchison Ports is the port and related services division of CK Hutchison Holdings Limited (CK Hutchison). Hutchison Ports is the world’s leading port investor, developer and operator with a network of port operations in 52 ports spanning 26 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. Over the years, Hutchison Ports has expanded into other logistics and transportation-related businesses, including cruise ship terminals, distribution centres, rail services and ship repair facilities.
In 2019, Hutchison Ports handled a combined throughput of 86.0 million TEU.
For more information, please contact:
Shifa Thakur
Assistant Manager – Corporate Communications
Hutchison Ports Sohar
T: (+968) 2686 5646
thakur.shifa@hutchisonportssohar.com
© Press Release 2021
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