In an announcement to the Muscat Securities Market (MSM) on Sunday, Peter Ford, CEO of Port of Salalah, said, “The Port of Salalah is, and will always be, a significant transshipment hub. We add a huge amount of value to shipping-line networks. The next phase is for cargo owners and logistics providers to take advantage of this massive backbone of connectivity that Salalah’s advantageous location offers.”
“Using the value proposition we offer, that combines excellent location, world-class infrastructure, attractive business incentives, and highly skilled management, we’ve been able to attract nine new international businesses to Salalah,” added Ford.
Algeposa, a Spanish logistics company specialising in grain and foodstuff, has also registered its entity in Salalah as Arabian Sea Port Services, and is to build a 12,000sq m warehouse near the port to store and distribute grains and other commodities around the region.
Other future developments at the port include a new breakwater project which is designed to boost the SME sector and provide new jobs, alongside a world-class passenger cruise terminal, which will be a major stimulus to accessible and community-centric tourism, the company said.
The port’s container volume in the first nine months of 2012 grew 15 per cent year-on-year to 2.76mn TEUs (twenty-foot equivalent units) against 2.39mn TEUs in the same period of 2011, while general cargo (non-container) volume grew to 5.2mn tonnes from 4.9mn tonnes in the nine-month period last year.
The financial impact of the strong growth in volumes for the nine-month period of 2012 is that total revenue grew 12 per cent to RO41.6mn from RO37.2mn in the year-ago period, while the company's net profit increased to RO5.1mn from RO871,000.
Abdul Aziz Ali Shanfari, chairman of Port of Salalah, said, “We look forward to the continuation of our successful collaboration with government investment in the infrastructural development of the port, airport, and rail projects envisioned for Salalah, and for increasing connectivity in Oman and its regional role in logistics.”