Sohar Freezone inks pact with RFX

Business Tuesday 23/April/2019 16:45 PM
By: Times News Service
Sohar Freezone inks pact with RFX

Muscat: Sohar Port and Freezone together with RFX Industrial Parks announced the recent signing of a development agreement encompassing 58 hectares within the freezone.
This collaboration will see the development of turnkey, new built-to-lease logistics and light industrial units for tenants requiring modern accommodation within Sohar Freezone.
Highlighting the importance of the collaboration, Mark Geilenkirchen CEO of Sohar Port and Freezone said, “With several potential investments in the pipeline, the freezone is committed towards providing tenants with the best high quality services to ensure an unmatched business experience. Our partnership with RFX will see the creation of new and innovative methods to further support existing tenants, as well as encourage newer ones to set up at the port and freezone.”
The entire development will comprise up to 290,000m2 of leasable space, which will offer various logistics size formats, including box and flex-log while also providing an easy solution of moving to larger units as tenant businesses expand. Phase one, which is due to commence construction in July 2019, will cover 10,000m2 of leasable area and be available for occupancy by the end of the year.
Mark Wrong, CEO RFX commented, “We are delighted to be selected by Sohar Freezone as their development partner to deliver brand new bespoke logistics and light industrial facilities for businesses looking for modern rental accommodation in the freezone. With our flexible leasehold solutions, tenants at Sohar Freezone will be able to reduce their capital expenditure and benefit from high quality facilities and competitive market rents.”