Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Cumulative investments at Sohar Port and Freezone touch $30bln
    Investments

    Cumulative investments at Sohar Port and Freezone touch $30bln

    January 20, 20252 Mins Read


    Muscat: Total investments at Sohar Port and Freezone reached $30 billion, with 2024 alone contributing over $4 billion in new projects. Among the major agreements signed last year were a $1.35 billion polysilicon production facility—the largest of its kind in the Middle East—a $1.6 billion LNG bunkering project utilising solar energy, and a $600 million agreement to establish Oman’s first iron ore concentration plant.

    These projects highlight Sohar port’s leadership in advancing innovation, renewable energy, and industrial development.

    Sohar Port and Freezone also has demonstrated resilience and growth, with over 3,000 vessel calls recorded in 2024. Besides, the general cargo throughput increased by 77% compared to the previous year and container volumes grew by 15% while ship-to-ship operations rose by 19% highlighting and exceptional operational performance last year.
    Sohar Freezone also saw significant achievements as well, with land occupancy reaching 85%, reflecting robust demand from both existing and prospective tenants.

    These figures were announced during the annual Business Reception under the theme “Connecting Commerce, Creating Opportunities.” The event highlighted the port’s role as a cornerstone of Oman’s economic development, directly contributing to the country’s diversification goals under Oman Vision 2040.

    Commenting on these accomplishments, Sohar Port’s CEO Emile Hoogsteden said: “Sohar Port and Freezone has become a catalyst for Oman’s economic transformation and a model of innovation and sustainability. As we celebrate two decades of growth, we take pride in how the port has built an integrated industrial and logistics ecosystem that attracts forward-thinking investments and drives global competitiveness.”

    The Freezone’s strategic growth was further emphasised by Acting CEO Mohammed Al Shizawi, who stated: “Sohar Freezone has established itself as a critical enabler for businesses seeking to thrive in a dynamic and interconnected environment. In 2024, we signed nine agreements covering 130 hectares of land and attracting $1.8 billion in investments, reflecting strong demand and trust in our ecosystem.”

    “Our investments in infrastructure, technology, and incentives ensure that all tenants, whether new or established, can unlock their full potential while contributing to Oman’s economic development. The strong demand for land and facilities is a testament to the confidence businesses place in Sohar Freezone as a hub for innovation and growth,” he further added.

    © Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Parole d’expert : « Les cats bonds sont un élément clé de diversification »

    Investments

    Le tribunal autorise la convocation d’une assemblée sur le projet de fusion chez Platinum Asia Investments

    Investments

    Why SIP Investments in Mutual Funds Can Be Beneficial

    Investments

    Indian Real Estate Investments Plummet 42% Yearly but Surge 122% Quarterly in Q2 2025, ET RealEstate

    Investments

    Prestige Estates Projects : Prestige Falcon Malls acquiert 49 % de Notting Hill Investments

    Investments

    Canadian General Investments annonce une valeur liquidative par action de 70,37 $ au 30 juin

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Gold up Rs108,500 in FY25

    Fintech

    Avec Nickel, on peut créer un compte en Espagne, sans besoin du NIE

    Property

    Neighbors face issues with what they call a nuisance property

    Editors Picks

    Nord Precious Metals Receives Advanced Application and Procedure for Recovery Permit

    June 2, 2025

    Purpose Investments Inc. annonce les distributions de mars 2025

    March 18, 2025

    LG Candidate Goodin Shares Vision for Indiana Agriculture

    October 21, 2024

    TSX’s mining dominance threatened as explorers exit

    March 3, 2025
    What's Hot

    La production de MAC Copper en baisse au premier trimestre

    April 29, 2025

    Bitcoin, Ethereum Muted, Dogecoin Rallies As Market Maintains ‘Greed’ Sentiment: Analyst Predicts New Peak For King Crypto As US Elections And Potential Fed Rate Cut Looms – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

    October 18, 2024

    La Cnil accompagnera six projets sur la Silver Economy

    April 21, 2025
    Our Picks

    Risk vs Reward Strategies for Investing in Cryptocurrency

    March 5, 2025

    Hyprop Investments Ltd – Dividende Intérimaire De 113,43 Cents Par… -Le 13 mars 2025 à 06:43

    March 12, 2025

    Trending Cryptocurrency Tokens on Avalanche Chain Today – Synapse, Bonez, MyStandard

    March 26, 2025
    Weekly Top

    La fintech brésilienne XP poursuit le vendeur à découvert Grizzly Research à New York pour diffamation

    July 7, 2025

    Biosig Agrees to Get $1.1 Billion in Financing to Support Gold-Backed Digital Currency

    July 7, 2025

    Ares Commercial Real Estate Corp Modifie son Accord Principal de Rachat avec Morgan Stanley

    July 7, 2025
    Editor's Pick

    How a Sports Brand Used Fake Celebs to Pump an ‘Insane’ Cryptocurrency

    August 12, 2024

    India’s RBI Pushes for Interoperable Cross-Border CBDC

    August 28, 2024

    Mutual respect brings Japan’s teenagers gold, silver in women’s skateboarding

    July 30, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.