Sohar Port, FZ Achieve Steady Growth, Despite Challenges of Global Markets
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Sohar, 12 Dec (ONA) – The Port of Sohar and Sohar Free Zone continued to make headways over the past nine months of this year unbridled by challenges that overshadowed logistics and supply chains in global markets.
Sohar Port saw 6.1% growth, with the volume of rolled cargo rising by 46% on an annual basis and dry loose cargo up by 4.3%, while liquid cargo maintained the same levels, but the big development occurred in transshipment, which hit a record 59%.
The Free Zone in Sohar registered 16% land occupancy and productive energy therein rose by 14% over the past nine months this year, compared to the corresponding period last year. In the meantime, exports of industrial complexes in the free zone grew by 8%.
Mark Geilenkirchen, Chief Executive Officer of Sohar Port, said that the port and the free zone achieved good results over the past nine months of this year and operate at full capacity, offering sustained services to industrial and economic sectors.
Meanwhile, Omar Mahmood Al Mahrazi, CEO Sohar Free Zone and deputy CEO of Sohar Port, pointed out that the port and the free zone receive 60% of the total cargo arriving in the Sultanate of Oman and more than 40% of exports and 80% of re-exports.
Al Mahrazi added that the facilities are bracing for more activity over 2022, with an expected increase in consumer of foodstuff industries and industrial supplies.
It is worth noting that Sohar Port and the FZ have attracted around $30 billion of investments. They focus on exploring investment in the fields of clean and renewable energy with the prime aims of consolidating their businesses and protecting the environment.
Ends/AB/AH
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