Muscat: The Omani government has made it clear that all commercial shipping must shift from Muscat’s Port Sultan Qaboos to Sohar Port by August as the former undergoes a transformation to be a cruise and passenger hub. Sohar Port has spent $15bn over the past decade building up infrastructure. Sohar now has container capacity of 1.5m teu and significant liquid handling capabilities which are set to be ramped up too.
Other investments will take place in the Expanded Petrochemical Cluster through Oman Oil Refineries and Petroleum Industries (Orpic) as well as parent company, Oman Oil Company SAOC. A combined capital investment of around $6.5bn over five years is set to take place, the port said in a release.
Sohar Port and Freezone chief executive Jamal Aziz said: “We’re now ready for anything; we’ve been working towards this momentous occasion for many years and look forward to a bright and prosperous future with many new partners.” [17/04/14]