https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=pUuXo1IWhd10Ug
logo
Oman's first integrated land port deal inked
November 17, 2019 | 12:41 PM
by Times News Service
Photo - @ahmedalfutaisi / Twitter
 
Sharelines

Muscat: An agreement has been signed to establish the first integrated land port in the Sultanate.

The Minister of Transport said in a statement, "The signing of the agreement to establish the first integrated land port, in partnership between the public and private sectors, will be an important link between the various seaports and commercial, industrial and economic areas in the Sultanate as a result of the growth of shipping and maritime traffic witnessed in the ports of the Sultanate."

Khazaen Economic City (KEC) signed an investment agreement with a number of leading logistics companies to operate and manage the dry port in the economic city of Al Batinah South Governorate.

Photo - ONA / Twitter


The terms of the agreement include the right for Marafi, Khimji Ramdas and Al Madina Logistics Services to lease a total of 250,000 sqm of land of which 100,000 sqm will be developed and managed in the first stage with an initial investment cost of $10 million.

Dr Ahmed Al Futaisi said, “We are looking forward to the new dry port's contribution to speed up the movement of containers and cargo, reducing the total cost of outbound and inbound goods and to provide container maintenance services.”



Khalid Al Balushi, CEO of Khazaen Economic City, said, “The dry port project is a true example of how the private sector could positively contribute in the development and growth of the logistic sector in Oman.”

STAY UPDATED
Subscribe to our newsletter and be the first to know all the latest news