Middle East

PSC ponders future as Muscat’s port transforms into tourism hub

Muscat: Port Services Corporation (PSC), which operates and manages Port Sultan Qaboos (Muscat), has commissioned a consultant to study the restructuring of the company as it looks to diversify into logistics, warehousing and other maritime-related activities.

PSC is having to change as the port itself is changed from a cargo one to a tourism focused terminal.

PSC chairman Mohammed Jawad bin Hassan bin Suleiman said: “Based on the fact that the corporation is on the verge of a new stage, which is full of challenges, and taking into consideration that the corporation will lose the majority of its financial income as a result of the transfer of commercial activities from Port Sultan Qaboos, PSC will make the utmost effort to face these challenges.”

PSC is confident it will sign a concession agreement with the government on the operation and management of Port Khasab in Musandam Governorate.

Another option for PSC is to operate and manage a dry port at the South Batinah Logistics Hub. Other alternatives include investing in the fast emerging Duqm port.  [26/05/14]

Back to top button