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PRESS RELEASE

October 06, 2015: With the logistics sector in Oman set to grow beyond the US$12 billion mark by 2017, the Sultanate is quickly diversifying the economy beyond its traditional petrochemical base, and to transform itself into a major industrial and logistics centre for the region and beyond.

Sohar Freezone CEO, Jamal Aziz, noted: "As Oman diversifies its economy, Sohar Port and Freezone has a critical role to play. Our rapid growth has positioned Sohar as a significant regional hub, and we are fully committed to building a sustainable logistics infrastructure that will support Oman in achieving our Vision 2020 objectives."

The Sultanate is ideally placed to play a leading role in logistics. Oman's geographical location, its stable political climate, combined with the excellent infrastructure already available as well as upgrades currently under construction, are all key ingredients that will contribute to the continued growth of the logistics industry.

Some US$250 billion has been allocated for the construction of 67,000km of railway lines across the Middle East. This includes the Gulf Railway, which will connect Bahrain, Kuwait, Qatar, UAE, Saudi Arabia and Oman over the course of the next three to five years. The construction of a planned road link between Sohar and Riyadh is also due to commence in the near future.

Thanks to the wealth of cargo rail experience that Port of Rotterdam brought with it to the Sultanate, the terminals at Sohar Port and the adjacent Freezone were all designed with rail in mind straight from the drawing board. "This will give Sohar a significant edge when it comes to integrating cargo rail into our on-going logistical operations," concluded Andre Toet, CEO of Sohar Port.

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