OHAR Port and Freezone is a deep-sea Port and Freezone in the Sultanate of Oman, managed by Sohar Industrial Port Company (SIPC), a 50:50 joint venture between the Port of Rotterdam and the Sultanate of Oman.
It benefits from an enviable position outside the Strait of Hormuz, meaning you can access over 3.5 billion consumers through the Gulf by land, sea, or air, without having to enter it. Sitting at the centre of global trade routes between Europe and Asia, it is also a cornerstone in the region`s fast developing road-air-rail infrastructure, offering better business connections and unprecedented opportunities for growth.
The Port`s three major clusters – logistics, petrochemicals and metals – will soon be joined by Oman`s first ever terminal to be dedicated to the handling of agricultural bulk. This new addition will manage the nation`s strategic food reserves and joins independent terminals operated by world-class leading companies that include C. Steinweg Oman for general cargo, Oiltanking Terminals & Company LLC for liquid cargo, and Hong-Kong based Hutchison Whampoa for containers.
SOHAR sits at the centre of global trade routes between Europe and Asia.
The Freezone is a 4,500 hectare development that, together with the Port, has attracted global investments of US$26 billion.
As one of the fastest growing port and freezone developments anywhere in the world, there is an abundance of space that is readily available and filling up fast. The very first phase of the Freezone is almost fully leased out, three years ahead of schedule, and some 35 companies are already reaping the benefits of unrivalled access to land, low-cost energy, and a skilled workforce.
Looking ahead, the region’s first major cotton yarn plant in SOHAR Freezone will manufacture a wide range of cotton yarn, to be operated as SV Pittie Sohar Textiles FZC-LLC, a wholly owned subsidiary of Bombay Stock Exchnage listed SVP Global Ventures Ltd. The facility will eventually provide over 1,500 jobs and is expected to start commercial operations late 2019. With an output of around 150 metric tons of yarn a day, the new SVP facility will be the first step in establishing a fully-fledged textile cluster in SOHAR Freezone. Downstream investments in knitting, weaving, spinning and fabric manufacturing could create a thriving industrial cluster providing thousands of new jobs for local households.
The $6.5 billion project, Liwa Plastics Industries Complex (LPIC) is the largest of the three strategic growth projects undertaken by Orpic to fulfil its vision of building an Omani integrated refining and petrochemical business. This project will be the first-of-its-kind in the Sultanate and will enable Oman to support a downstream plastics industry.
In addition, SOHAR will soon be responsible for managing Oman’s national food reserve once the country`s very first terminal dedicated to handling agricultural commodities is built – a tangible endorsement of the trust that the government has placed in its ability to plan for and safeguard the region`s people in times of crisis.