Dredging work is set to start on a new port expansion project at Sohar in Oman.
Totalling an investment of $24 million, the agreement will see the development of the first 50 hectares of useable land within the new port expansion, which is expected to be fully completed by the fourth quarter of 2018.
The first phase includes the engineering, land reclamation and stabilisation, and construction of approximately the 50 hectares of usable land within the port area, together with soil improvement, 1,310m of shoreline protection, storm water drainage, and navigation aids.
Sohar Port and Freezone CEO Mark Geilenkirchen said:
“This expansion is essential for Sohar to compete on a larger scale, and highlights our emergence as a logistics hub of choice within the Middle East. The development is driven by the continued growth we’ve experienced year-on-year, and the rapid rise of the logistics sector as a whole across Oman.
“The added land area at the port will significantly boost our abilities to handle larger volumes of cargo traffic as well as create new and sustainable jobs in Sohar.”
“Investors are lining up to take advantage of the additional 200 hectares being offered as part of the Sohar Port South Development.”
One of the first investors on-board is Trescorp, a Singapore-based oil and petroleum products trading firm. In September, the company signed a pact with Sohar to develop a 45-hectare terminal for the handling, storage and blending of crude oil, fuel oil and diesel at the port.