“We provide promising funding
possibilities in Sohar Port and Free Zone
to capability buyers. Sohar, Oman
Omar bin Mahmoud Al Mahrizi, CEO of Sohar
Free Zone, remarked that the investments
extent withinside the current initiatives stands
at RO 353 million (equal to $918
million), aside from the investments spared
for setting up and enhancing the Zone`s
infrastructure.
He additionally stressed, “Sohar Port and Free Zone
provide an included listing of benefits for
foremost businesses withinside the region, inclusive of
power deliver, abundance of uncooked substances,
and world-magnificence logistics offerings,
complemented through a couple of incentives
for neighborhood and worldwide partners. He noted
that the Zone is wealthy with the range of
buyers` nationalities shape the Sultanate,
GCC countries, Europe, India, and South and
East Asia.
In an interview with Manatq, he pointed
out that the overall wide variety of current
initiatives in Sohar Free Zone is forty four business
initiatives in numerous sectors which include minerals,
petrochemicals, meals industries, and
others.
“We currently signed an settlement to
set up a manufacturing facility for generating titanium
dioxide, protecting over 120,000 square,
bringing a manufacturing ability of 150,000
tonnes annually, at a fee of RO forty three million. Diversity of initiatives
The CEO of Sohar Free Zone emphasised
that the Zone enjoys a range of current
initiatives, wherein many sectors flourish, such
as logistics, easy power, iron, metal and
minerals, chemical substances and textiles. Similarly, the Zone targets
Omani industrialists and businesspersons
to begin their commercial enterprise from Sohar in
order to maximize their advantage from the
direct reference to the port, as well
because the Zone`s main infrastructure and
aggressive rates”. “The extent of funding in these
initiatives is RO 76, five million (equal to
approximately $2 hundred million).
The first seminar, held ultimate July, highlighted
the benefits and strategic components
of the loose quarter for Indian businesses and
approaches to sell them to Gulf, African and
American markets.
