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Salalah Free Zone signs $20mn agreement for logistics wholesale city

30 Sep 2019

Salalah Free Zone Co (SFZ) last week signed an agreement with BTC Comapny to establish a logistics wholesale city with an investment of US$20mn on an area of 100,000 sq m in Salalah.

The agreement was signed by Ali bin Mohammed Tabouk, CEO of SFZ and Ahmed bin Alawi Ba Aqil, chairman of BTC on behalf of the investing company, SFZ said on its Twitter account.

The project construction will start in first quarter of 2020 and the logistic city will provide more than 1,500 direct jobs, SFZ said.

Tabouk said, “Salalah Logistic Wholesale City will provide more than 2,000 integrated commercial units with high international standards, where it will include exhibitions, warehouses and offices of international companies engaged in the wholesale trade.”

“Salalah Logistic Wholesale City aims to be the favourite and attractive place for many goods and materials at competitive prices in the sultanate,” he said.

Due to Oman’s strategic location on international trade lines and global facilities ready to handle all kinds of goods, this project will enhance the sultanate’s success as an international hub for wholesale and merchandise trade for the Gulf region, Yemen and East African countries, Tabouk added.

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