Rezayat Logistics Group invests in Port of Duqm

Business Saturday 18/January/2020 18:59 PM
By: Times News Service
Rezayat Logistics Group invests in Port of Duqm

Muscat: Rezayat Logistics Group is a Saudi based, closely held family-owned business group serving the international investment, and IT & telecommunications.
Rezayat leases 4 ha land at a very prime location within the Port of Duqm’s logistics land.
With the arrival of the first shipment of modern and premium brand mobile cranes, the group announced the opening of Rezayat Logistics Oman, Duqm branch. This first batch of assets intends to serve ongoing projects in Duqm. An initial $15 million investment will cover services that include temperature-controlled, chilled, frozen and general warehousing, heavy transportation, equipment rental, crane rental, and general transport which will expand its extensive GCC network and fleet.
"The selection of the Port of Duqm to land its equipment was a natural choice. This modern, strategically located, and well-equipped port is a critical piece of infrastructure and key to the success of the region’s development. We are proud to support the Port of Duqm with our business. Over the last few decades, Rezayat Logistics Group has been trusted partners in the growth of the oil, gas and energy sectors in the GCC and is looking forward to be a part of the successes that will undoubtedly follow in the Duqm region," said Andrew Ritchie, Country Manager of Rezayat Logistics Group.
The group employs over 20,000 people in 24 countries with a mix of wholly-owned business units and strategic joint ventures. The group is active in diverse sectors such as logistics& equipment rental, engineering & construction, trading, manufacturing, hotels & hospitality, marine services, energy & water management, insurance & group identified Duqm as an area of interest in 2018. The forward-thinking Duqm master plan, incorporating a refinery, associated downstream activities, marine activity, comprehensive port infrastructure and an attractive manufacturing hub fits perfectly with the group’s vision and service offerings while taking full advantage of Duqm’s strategic location.