Local developed US$ 65mn project will cover 20,000sqm
SOHAR Port and Freezone recently signed a land lease agreement for the establishment of a cement block products facility. The agreement was signed by Dr. Mohammed Al Zaabi, Chairman of the Board of SOHAR Port and Freezone and Salim Khalfan Al Mamari, owner, Wald Al-Qanas International.
“The investment made by Wald Al-Qanas International will witness the establishment of a project that is the first of its kind in the Freezone. Moreover, the by-products generated by other industries, such as the ferrochrome factories, can be used as feedstock for the new facility, thus reinforcing our principle of promoting downstream opportunities,” commented Omar Mahmood Al Mahrizi, CEO, SOHAR Freezone and Deputy CEO, SOHAR Port.
The OMR 25mn (US$ 65mn) local project will cover an area of 20,000sqm at SOHAR Freezone. Apart from cement projects, the facility will also be used for the manufacture of white cement and other products. Additionally, it will see the export of products to the GCC and African markets.
“We are proud to be setting up at the Freezone and to be able to contribute to the cross-industry principle that is promoted at SOHAR. Additionally, the unique upcoming new facility, will also play an important role in the creation of local job opportunities,” remarked Al Mamari.
