Sohar Port And Freezone Showcase Pivotal Role In Economic Opportunities As Strategic Partner At Suhar Investment Forum

Suhar: SOHAR Port and Freezone participated as a strategic sponsor in the recently concluded Suhar Investment Forum took place on 26-27th February 2024, in line with our commitment to fostering trade and investment and understanding the pivotal role of SOHAR Port and Freezone in this enterprise. The forum marked a significant gathering of over 600 delegates, including ministers, undersecretaries, business leaders, and international investors, all converging to explore the multitude of investment opportunities within Al Batinah governorate.

Aligning with Oman Vision 2040, the Suhar Investment Forum was designed to catalyze economic growth and diversification. Through a series of keynote addresses, panel discussions, and B2B meetings, participants engaged in deep discussions focused on the changing global economic landscape, new foreign investment laws, and Suhar’s strategic role in attracting foreign direct investments.

Omar bin Mahmood Al Mahrizi, CEO of SOHAR Freezone and DCEO SOHAR Port, participated in forum, engaging in a panel session titled ‘Sohar Incentives and Opportunities’. The session explored how the integrated logistics hub supports government efforts to attract foreign investments, details on the comprehensive services offered to investors, and the strategic utilization of international relations to market Oman.

He stated: “We are dedicated to fostering sustainable development through our active engagement of the Suhar Investment Forum, a premier international gathering in the Al Batinah North Governorate, orchestrated by the Oman Chamber of Commerce and Industry. The forum highlights the pivotal role of SOHAR Port and Freezone as a magnet for investments, emphasizing ongoing endeavors to incentivize and bolster support for investors. Our commitment reflects our steadfast pursuit of advancing the economic landscape and nurturing enduring growth, both locally and globally.”

The forum effectively highlighted SOHAR’s strategic location, multimodal connectivity, and state-of-the-art infrastructure, further underscoring the Suhar area as a prime destination for global investors.

About SOHAR Port and Freezone

As one of the fastest-growing ports in the world, SOHAR Port and Freezone continues to leverage on its strategic location and enhance its services, positioning itself as a key logistics hub within the region and across the world boasting container, liquids, and bulk terminals. A powerful combination of the expertise of the Port of Rotterdam and the government of the Sultanate of Oman, represented by ASYAD, it is earmarked as one of the Sultanate’s mega-projects, home to logistics, petrochemicals, and metal clusters, as well as the region’s first dedicated agri terminal. Today, after 20 years of operation, it serves as the main gateway for import and export in Oman, directly contributing 2.1% of the country’s GDP and almost 26,000 direct and indirect employment opportunities. With a focus on sustainable development and cutting-edge technology, it is leading the development and modernization of the Sultanate’s logistics infrastructure and supporting the economic diversification objectives of Oman’s 2040 Vision.

For more information about SOHAR Port and Freezone, please visit soharportandfreezone.om.

 

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