Attracts over US$ 27billion investments
Despite the current challenging market conditions resulting from the pandemic and fluctuating oil prices, SOHAR Port and Freezone reported an increase in cargo volume and overall performance in 2020.
The port recorded a 1% increase in the number of containers that reached the port, whilst breakbulk increased by 18.2%, liquid bulk by 5.9% and dry bulk by 1.5%. In addition, the port also recorded 100% growth in Ship-to-Ship (STS) cargo given its strategic location and its reputation for delivering unmatched quality of service with quick turnaround times.
“At SOHAR Port, we put in place precautionary measures and identified solutions to best serve our clients and the various markets,” remarked Mark Geilenkirchen, CEO, SOHAR Port.
“We continue to attract foreign direct investments and support the continuity and growth of existing businesses by implementing efficient business procedures, digitalizing our processes and improving the level of services provided,” noted Omar Mahmood Al Mahrizi, Deputy CEO, SOHAR Port and CEO, SOHAR Freezone.
On the ICV (In-country value) forefront, SOHAR witnessed 63% of Local Purchase Orders total value of local purchase orders with a total value of approximately OMR 1.8million.
