Muscat: SOHAR Port and Freezone entered into an agreement with Eagle Ceramics FZC LLC on January 26. The signing took place at the office of the Public Authority for Special Economic Zones and Free Zones (OPAZ), under the patronage of HE Eng. Ahmed Hassan Alawi Al Dheeb, Deputy Chairman of OPAZ.
The agreement was signed between Omar Mahmood Al Mahrizi, CEO of SOHAR Freezone – DCEO of SOHAR Port and Manoj Valamji Panchotiya, partner at Eagle Ceramics FZC LLC. The partnership will see the establishment of ceramic tiles manufacturing unit at SOHAR Freezone.
Commenting on the upcoming facility, Omar Mahmood Al Mahrizi stated, “We believe that the introduction of the new ceramic manufacturing unit will enhance the offerings of the Freezone, especially with regard to ceramic products. Apart from generating value-added services, the project is in line with our overall objective to increase the attractiveness of SOHAR Freezone to regional and global investors. This, in turn, will allow us to boost our contribution to the GDP of the Sultanate and further the development of the logistics sector, alongside the creation of several job opportunities in the long-run.”
The project will see an estimated total capital investment of USD 1.2 million and will take up a plot size of 20,000 m2 at SOHAR Freezone. The finished products from the facility will be distributed locally as well as exported to regional GCC markets.
Manoj Valamji Panchotiya added, “We are proud to set up our new facility at SOHAR and are keen on being a part of the growing complex. We also look forward to the establishment of further downstream projects in the future, to enhance the offerings at SOHAR, alongside other industries. We believe that the ceramics unit will contribute towards the nation’s efforts of economic diversification by promoting the export of ceramic products into the region and beyond.”
For more information on SOHAR Port and Freezone, visit soharportandfreezone.com .
© Press Release 2021