
Muscat: Savills, one of the world’s leading real estate firms, announced the official opening of a new, international grade warehousing by RFX Parks located in Sohar Freezone.
Having achieved a pre-leasing occupancy of 65 per cent, the remainder of the warehouse is now available for rent.
Over the past 10 years, Sohar has established itself as a regional industrial hub located on the north-eastern coast of the Sultanate. The city’s industrial activity is centred around Sohar Port and Freezone and the Madayn industrial estate, supported by key infrastructure developments including Sohar International Airport and Muscat Expressway.
Sohar Port is a world-class deep seaport that has seen significant growth in heavy industrial activity over the last 15 years. Land within Sohar Port has been in high demand from new operators which led to the planned addition of three phases of reclaimed land projects, providing an additional 325 hectares of space available for lease.
Sohar Freezone is a 4,500-hectare project which has successfully leased 62 per cent of Phase 1 (as of 2020), with leasing now commencing for Phase 2. The high demand for Sohar Freezone has been a result of the incentives offered for registered companies, including 100 per cent foreign ownership, reduced levels of Omanisation, corporate tax exemption for up to 25 years and a one-stop-shop for all related clearances allied to exceptional infrastructure. Besides, operational costs are substantially lower in Sohar, including heavily subsidised utility charges compared to regional competitors.
Omar Mahmood Al Mahrizi, CEO of Sohar Freezone - DCEO of Sohar Port, said, “RFX Parks has been one of our key partners in supporting our objectives towards attracting potential business. We are delighted to welcome Savills onboard and look forward to its new warehousing solution, which will be beneficial to our existing tenants and encourage new investors to set up at Sohar Freezone.”
Attracting these projects to the freezone is of vital importance for the local business community. This is because their presence will offer several opportunities for various companies, including those related to the financing, construction and operation sectors, as well as many others conducting their activities within the Sultanate.
This, in turn, will enhance the local environment and create added value for the economy. Through the implementation of the secured bonded corridors facilities, clients in the Freezone can clear customs and transport containers to the Port (and vice versa) within a short timeframe (approximately 32 minutes). This enhances the operational efficiency of logistics companies in the freezone, especially those that transport perishable goods.
The RFX Parks facility is the first international grade warehouse space within Sohar and provides a range of features including dock levellers and raised access, 10.5m internal clearance height, 12 x 24m flexible column grid and ample vehicular circulation/loading and unloading space. Spaces from 450 m2are now available for rent with immediate occupation.
Dali Ata, Head of commercial agency, Savills said, “RFX Parks represents a new grade of warehouse accommodation in Oman. It’s high specification and efficient design meets the expectations of the growing number of international operators within Sohar Freezone.”
The masterplan of the RFX Industrial Park includes several types of modularised warehouses across 58 hectares of development land with the option of high-quality solutions, including build to suit warehousing and serviced land options for rent.
Roberts Constructions is the Construction Manager on RFX Parks. Roberts and RFX form part of a privately held integrated property group, with expertise spanning the full property development cycle, from concept to funding, delivery and asset management.
Vanessa Sarkis, RFX Parks said, “RFX Parks includes institutional quality warehousing providing turnkey flexible leasehold solutions to tenants that improve employee productivity, reduce operational costs and achieve supply chain efficiencies. One of our specialities at RFX Parks is to assist clients to develop their project requirements for us to build to suit clients’ needs. At RFX Parks, we offer full-time security services with full CCTV coverage for the facility. "