Port of Sohar to develop economic zone
Sohar Industrial Port Company (SIPC) has signed an agreement to develop and launch a special economic zone in partnership with SKIL Infrastructure.
The project, which is being developed with direct connections to the Port of Sohar, is scheduled for a launch in the fourth quarter of 2008.
"The location of Sohar Special Economic Zone (SSEZ) has considerable advantages in terms of logistics, which makes the investment even more competitive," said Jamal Tawfiq Aziz, deputy chief executive officer of SIPC and chief operating officer of SSEZ.
"We have selected the Mumbai-based company SKIL Infrastructure because it is a pioneer in developing special economic zones and brings a great deal of expertise and know-how to this project. It has previously developed the first private port in India and built one of the world's largest shipyards," he added.
The Government of Oman approved a deal with the Port of Rotterdam (POR) in 2007 to expand the concession agreement in Sohar from 200ha to 6300ha, including the 4300ha Sohar Special Economic Zone.
"The project will create employment for people living in the Batinah region, shift the dependence of the region towards the non-energy sector and enhance the amount of foreign direct investment being allocated to the Port of Sohar," said Aziz.