About 130 additional hectares will be reclaimed along expanding industrial hub
Oman will open up more waterfront land at Sohar Industrial Port to meet growing demand from potential investors, according to local media.
About 130 additional hectares will be reclaimed along the expanding industrial hub, which has seen continued demand for space since it opened in 2008.
A petrochemical venture by Oman Oil Co is slated to be one of the new projects, Oman Daily Observer reported.
Sohar Industrial Port, co-owned and operated by the Omani government and the Port of Rotterdam, already covers 2000 hectares.
It has attracted US$13bn in investment in the past four years, according to the port’s website, making it a key economic driver for the Gulf country.
The new projects are expected to begin operating as early as 2015.