Oman

New container depot facility opens in Sohar Port

Sohar Port and Freezone has announced the official inauguration of the new Allied Ondock Container Services facility in the port, as well as the signing of an expansion agreement worth around US$ 2.6 million. The new container depot will initially cover an area of three hectares, based on a contract for the development which was signed back in June 2023. The latest contract provides for an expansion of an additional two hectares, to meet the rising demand for container depot capacity in the...

https://www.themaritimestandard.com/new-container-depot-facility-opens-in-sohar-port/

Sohar port progressing positively on multiple fronts

Oman’s Sohar Port and Freezone has announced positive results for the first nine months of the year to the end of September, reflecting its expanding role in supporting the Sultanate’s economy. This includes a strong increase in Foreign Direct Investment (FDI), surpassing $4 billion of total new investments. This surge has been fueled by the signing of 12 new agreements In the year to date, including the Marsa LNG bunkering initiative, United Solar Holdings’ polysilicon factory, and a new iron...

https://www.themaritimestandard.com/sohar-port-progressing-positively-on-multiple-fronts/

Dentons advises on rail network financing

Law firm Dentons has advised on the project financing and development of the Hafeet Rail project, an initiative that marks the GCC’s first cross-border rail project, including a future connection between Abu Dhabi and Sohar Port in Oman.

The US$3 billion Hafeet Rail project, which is sponsored jointly by Etihad Rail and Oman Rail and is supported by Mubadala Investment Company, has secured US$1.5 billion in project finance debt. This achievement reflects strong confidence from a diverse...

https://www.themaritimestandard.com/dentons-advises-on-rail-network-financing/

New CEO for Salalah port

Salalah Port Services Company has appointed Steven Yoogalingam as its new Chief Executive Officer with effect from 1st November 2024. Steven brings a wealth of experience to the Omani port, having perviously been Managing Director of the Suez Canal Container Terminal, Port Said Egypt, and Managing Director of the Aqaba Container Terminal, Jordan.

He joins Salalah at a challenging time, with events in the Red Sea impacting its container traffic levels. Salalah Container Terminal handled 1.679...

https://www.themaritimestandard.com/new-ceo-for-salalah-port/

Sohar port partnership with leading Omani university

Sultan Qaboos University (SQU) and Sohar Port and Freezone are entering into a partnership aimed at strengthening collaboration in research and development. By capitalising on SQU’s academic strengths, Sohar says it is seeking to enhance its capabilities in critical technical areas, “effectively merging practical expertise with theoretical insights.” The collaboration will address key issues within the logistics and industrial sectors.

This will be achieved through a variety of initiatives,...

https://www.themaritimestandard.com/sohar-port-partnership-with-leading-omani-university/

Asyad acquires global freight forwarder

Oman’s Asyad Group has acquired Skybridge Freight Solutions (SFS), a global freight forwarding company. This is Asyad’s first international acquisition in terms of logistics activities and aims to expand the group’s footprint in major economies such as China, India, the USA and the GCC. The acquisition gives Asyad access to SFS’ well-established logistics network that covers over 90 countries across six continents.

SFS offers freight forwarding services across air, sea and land in addition to...

https://www.themaritimestandard.com/asyad-acquires-global-freight-forwarder/

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