SOHAR Port and Freezone is currently home to logistic, petrochemical, metals, automotive (and soon-to-be food) clusters that feed downstream industries with iron, steel, plastics, rubber, ceramics, and chemicals, among other materials.
Keeping Things Moving in Logistics and Supply Chains
Booming economies have prompted US$30 billion investment in developing multimodal port and freezones in the GCC region. The Gulf has also embarked on its most ambitious rail network ever. Some US$250 billion has been allocated for the construction of 67,000 kilometres of railway lines. This includes the eagerly anticipated Gulf Railway, which will connect Bahrain, Kuwait, Qatar, UAE, Saudi Arabia, and Oman, over the course of the next three years. Planned rail, as well as new road and air transport links are powering growth in Oman’s logistics sector, which is already projected to grow beyond the US$12 billion mark by 2017.
As one of the main driving forces behind this growth, SOHAR Port and Freezone has become an ideal transhipment centre between East and West, as well as an important gateway to over 3.5 billion consumers. It has matured into a crucial contributor to a trade surplus of US$2 billion in Oman, and in order to cater to increasing demand for warehousing; it has set aside more than 200,000 m2 for the development of general warehousing, cold storage and light industrial units.