Saudi logistics firm to build warehouse park at Sohar
Sohar Port and Freezone has signed a new deal with Warehousing Solutions LLC for the development of a new warehouse park at Sohar Freezone — one of WPL’s first major ventures outside Saudi Arabia.
Warehousing Solutions is a newly established company belonging to Saudi Arabian logistics provider Warehousing Projects and Logistics LLC (WPL).
WPL was established in 2010 with a land bank of around 500,000m2 situated in the industrial cities of Dammam, Riyadh, Jeddah and Madinah, with the development of pre-built warehouses for logistics services providers and other clients.
WPL has expanded its portfolio into built-to-suit warehouses and warehousing design, through collaboration with an international consulting firm, complemented with third-party logistics (3PL) services.
Warehousing Solutions LLC will develop and manage the new warehouse park at Sohar Freezone.
Sultan Al Habsi, chairman of Sohar Port and Freezone, as well as Sohar CEOs Andre Toet and Jamal Aziz signed the agreement with WPL chief executive Abdulaziz Mansoor Al Subaie.
The signing marks the beginning of the construction of WPL’s planned 50,000sqm warehouse park in Sohar Freezone; a further 50,000sqm has been reserved for phase II, taking the total size of the land lease agreement up to 100,000sqm.
Warehousing Solutions will construct ready-built warehouses as well as bespoke warehousing for other Sohar tenants on-site in the Freezone.
“We’ve seen an active interest in warehousing and logistics development emerging in Oman, and our presence at Sohar expands our reach across the region to meet these demands,” said Al Subaie. “With its strategic location as a logistics hub for the Gulf, Sohar Freezone will add to the value proposition we can offer to clients and logistics service providers.”