SOHAR Port & Freezone has signed a US $24-million contract with Dredging International NV – Earth Moving Worldwide for the dredging of sand to add 50 hectares to the port’s land area.
The project is part of a broader initiative aimed at expanding the port by 200 hectares from its current 2,000 hectare footprint.
According to Arabian Business, the work is slated for completion by Q4 2018.
“‘This expansion is essential for SOHAR to compete on a larger scale, and highlights our emergence as a logistics hub of choice within the Middle East,” says SOHAR Port and Freezone CEO Mark Geilenkirchen.
“The development is driven by the continued growth we’ve experienced year-on-year, and the rapid rise of the logistics sector as a whole across Oman,” he added.
“The added land area at the port will significantly boost our abilities to handle larger volumes of cargo traffic as well as create new and sustainable jobs in SOHAR.”
Last September, Singapore-based trader Trescorp Alliance Pte signed a contract with SOHAR Port and Freezone to build fuel storage at the port with an initial capacity of 600,000 cbm.
The facility is scheduled to be operational by 2020.
The first phase of the project will include tanks to store and blend crude, jet fuel and diesel, while the second phase will add blending of products such as gasoline and jet fuel.