The project will see an estimated total capital investment of US$ 1.2mn
SOHAR Port and Freezone recently entered into an agreement with Eagle Ceramics. The signing took place at the office of the Public Authority for Special Economic Zones and Free Zones (OPAZ), under the patronage of Eng. Ahmed Hassan Alawi Al Dheeb, Deputy Chairman, OPAZ.
The agreement was signed between Omar Mahmood Al Mahrizi, CEO, SOHAR Freezone and Deputy CEO, SOHAR Port and Manoj Valamji Panchotiya, partner, Eagle Ceramics. The partnership will see the establishment of ceramic tiles manufacturing unit at SOHAR Freezone.
“Apart from generating value-added services, the project is in line with our overall objective to increase the attractiveness of SOHAR Freezone to regional and global investors. This, in turn, will allow us to boost our contribution to the GDP of the Sultanate and further the development of the logistics sector,” commented Al Mahrizi.
The project will see an estimated total capital investment of US$ 1.2mn and will take up a plot size of 20,000sqm at SOHAR Freezone. The finished products from the facility will be distributed locally as well as exported to regional GCC markets.
“We also look forward to the establishment of further downstream projects in the future, to enhance the offerings at SOHAR, alongside other industries,” remarked Panchotiya.
