Sohar – SOHAR Port and Freezone have signed a land lease agreement with SCME Projects Pvt Ltd (FZC) LLC, to establish a steel fabrication unit within SOHAR Freezone.

With a total investment of US$1.3mn on an area of 5,000sqm, the investment from SCME Projects Pvt Ltd (FZC) LLC highlights the attractiveness of SOHAR Freezone for foreign investors, setting the stage for future foreign direct investment in the region.

This deal is geared towards fostering seamless integration in the mining sector’s business ecosystem and providing comprehensive industrial services like project development to operational support and mechanical maintenance of FAP, effectively reducing construction costs.

Barjesh Kumar Singh, authorised manager of SCME Projects Pvt Ltd (FZC) LLC, said that the company was upbeat about this partnership with SOHAR Freezone and the promising opportunities it offers to investors.

By leveraging the strategic advantages provided by SOHAR Freezone and its continued growth, Singh assured that their comprehensive service platform would offer businesses a streamlined approach to accessing essential services, ultimately enabling them to focus on their core operations and maximise productivity.

“This signing with SCME Projects Pvt Ltd (FZC) LLC signifies our unwavering commitment to driving economic development and fostering a self-sustaining industrial ecosystem,” said Haitham al Omairi, Business Development Manager of SOHAR Port and Freezone.

“This agreement will significantly enhance our value proposition in establishing a dynamic ecosystem, facilitating the provision of specialised technical services to both current and prospective clients.”