Sunday 06 / October / 2024
Muscat: Sohar Freezone has signed a land lease agreement with Integrated Solutions Plant and Land Services (FZC) for 15,000 sqm within the freezone to establish a liquid fertiliser plant.
The project represents an investment of OMR 2.2 million and it includes the potential for future expansion which would see the plant produce ammonium sulphate to strengthen Oman’s export sector, especially in Pakistan and Tanzania.
Omar bin Mahmood Al Mahrizi, CEO of Sohar Freezone, Deputy CEO of Sohar Port, said, “The addition of a new liquid fertiliser plant, in partnership with Integrated Solutions Plant and Land Services (FZC), enhances Sohar's ability to serve the local, regional, and global markets with high-quality agents for industrial production. Sohar can offer companies in all sectors a world-class integrated logistics and industrial hub with direct shipping to key markets and broadening our tenant profile to Egypt for the first time is a key step in our ongoing expansion.”
Hussein Amin, Partner at Integrated Solutions Plant and Land Services (FZC) LLC, added, “We are delighted to establish a presence at Sohar with the 15,000 sqm space within Sohar Freezone, which will help us expand operations and reach new clients in developing markets. Integrated Solutions Plant and Land Services is at the forefront of producing high-grade, organic liquid fertiliser in support of growing populations and increasing needs in this sector. Sohar represents an opportunity to connect with customers worldwide using established shipping lines and trade agreements.”
Sohar Port and Freezone is an engine for economic diversification, sustainability, and investment to meet Oman’s development goals. The fully integrated industrial and logistics hub offers a wealth of attractive incentives to make doing business easier and more efficient.
Businesses benefit from 100 per cent foreign ownership, attractive local labour requirements, 0 per cent import or export duties and 0 per cent income tax, and the on-site One-Stop-Shop service is available to assist with the acquisition of all necessary registration, licenses, and visas.
Sohar Port operates a custom clearing service available 24 hours a day, seven days a week, and is linked to the Freezone by a bonded transport corridor which allows goods to travel between Port and Freezone within 14 minutes.
