Sohar Port and Freezone bolsters ICV and empowers local companies with new marine service agreements

Business Saturday 23/December/2023 16:34 PM
By: Times News Service
Sohar Port and Freezone bolsters ICV and empowers local companies with new marine service agreements

Muscat: In a strategic move that enhances In-Country Value (ICV) and supports local companies, Sohar Port and Freezone signed three key agreements aimed at boosting its marine services. These agreements are a pivotal step in putting to action the port’s dedication to nurturing local talent.

The first agreement with Global Tank Solution outlines a plan to revolutionise the vessel tank cleaning services at the port. By introducing advanced mechanised cleaning technology and skill development opportunities, automated and non-man entry tank cleaning systems. This collaboration is expected to sharpen the competitive edge of local companies in the maritime sector.

In another agreement aimed at elevating its bunker services, Sohar partnered with Global Oil Resources. This partnership will precipitate opportunities for local companies to interface with major enterprises in the marine fuel logistics and supply chain, thereby advancing Oman’s global operations. Global Oil Resources will be able to supply bunker to vessels calling Sohar Port with MGO and VLSFO
The third agreement signed this morning, Sohar's collaboration with American Medical Center, in partnership with Star Lake Medical Services, introduces a comprehensive range of medical services for seafarers. This initiative is poised to stimulate growth in the local healthcare sector by increasing demand for medical supplies, services, and expertise.

Sharing his insights on these developments, Batti Al Shibli, Harbour Master, Sohar Port and Freezone, said, “By integrating these specialized services at Sohar Port, we are elevating our operational efficiency and significantly contributing to the growth of Oman’s maritime industry and economy. These collaborations align with our broader ICV strategy, our commitment to creating sustainable opportunities for Omani Companies, and our role in helping the Sultanate achieves the goals outlined in Oman Vision 2040.”

As the only complex of its kind in the region managed under a singular entity, Sohar offers a competitive edge in attracting foreign investments and promoting business growth. The port plays a critical role in supporting Omani companies, providing a platform for them to engage in large-scale industrial and logistical activities, which facilitates the growth and development of local businesses, contributing significantly to the ICV and national economy.