Muscat – Total investment in the Sohar Port and Freezone (SOHAR) has surpassed $29bn mark to date, demonstrating a remarkable contribtion to Oman’s economy and attracting foreign investment since inception two decades ago.

Under the patronage of  H E Eng Saeed bin Hamoud al Mawali, Minister of Transport, Communications and Information Technology, SOHAR celebrated two decades of unparalleled achievements. The event, which was attended by key government dignitaries and partners, showcased SOHAR ’s legacy and standards of excellence in ports and free zones management.

Leveraging Oman’s strategic location as a gateway between East and West, SOHAR has become a pivotal player in Oman’s integration into the global supply chain, pioneering advancements in the logistics sector while stimulating economic diversification and sustainability.

$3.4bn investment in H1 2024

Since inception, SOHAR has consistently demonstrated robust economic performance. In the first half of 2024 alone, the port and freezone has secured $3.4bn in investment, underscoring its appeal as a premier destination for international trade and commerce.

The infrastructure at the port and freezone has undergone significant enhancements, with the recent expansion of SOHAR Freezone Phase 2, introducing 345 hectares of additional leasable land. This strategic expansion aligns with the increasing demand for industrial and commercial spaces which is poised to facilitate increased connectivity and economic collaboration on a global scale.

“SOHAR plays a crucial role in the daily lives of people across Oman, as the goods that flow through our facilities ultimately reach the homes of every citizen. Our performance over the past two decades reflects our commitment to excellence and our strategic importance as a global logistics hub. By continuously enhancing our operations and cultivating strong partnerships, we ensure a steady supply of essential goods that bolster the growth and progress of both local industries and the broader national economy.” said Eng Abdullah bin Khalfan al Jabri, Chairman of the Board of Sohar Port and Freezone.

Emile Hoogsteden, CEO of Sohar Port, said, “SOHAR has transcended traditional infrastructure; it has become a vital catalyst for commerce and economic growth in Oman. Over the last two decades, we have built a thriving integrated business ecosystem that not only supports local development but also enhances our global competitiveness. As we celebrate our achievements, we remain steadfast in our responsibility to driving innovation and accelerating the discovery of opportunities that will further propel Oman’s economic advancements on the world stage.”

Strategic collaborations have been instrumental in shaping SOHAR’s success story. The partnership between Asyad Group and the Port of Rotterdam has established SOHAR as a world-class facility, renowned for its operational excellence and leading-edge approach. Alliances with other notable international companies, such as the groundbreaking initiative with United Solar Polysilicon to establish the region’s first polysilicon factory, further exemplify SOHAR’s commitment to fostering progressive-thinking and attracting transformative investments that support its vision as an industrial cluster and manufacturing hub for green products.

Currently, SOHAR stands as a beacon of economic prosperity, contributing more than 2.1% to Oman’s GDP and generating nearly 36,000 direct and indirect jobs. This milestone offers a moment to reflect on the significant achievements that have defined SOHAR’s journey and its profound impact on the region’s economic landscape.

“We extend our deepest appreciation to our stakeholders, whose unwavering trust and support have been the foundation of our success, reflecting our enduring partnerships and shared vision as we celebrate our 20th anniversary,” Hoogsteden added.

Susatainblity champion

SOHAR Port and Freezone is also a pioneer in sustainability, championing groundbreaking initiatives that support environmental stewardship. The Marsa LNG project, a $1.6bn collaboration between Oman’s OQ Group and TotalEnergies, will establish the region’s first LNG bunkering hub powered entirely by solar energy. This initiative aligns with Oman’s Vision 2040 and carbon neutrality goals, while enhancing SOHAR’s maritime service offerings.

Beyond the LNG project, SOHAR’s dedication to sustainability extends through initiatives like the SOHAR Net Zero Alliance, which aims to reduce emissions and promote renewable energy projects across the port.

By embracing clean technologies and sustainable practices, including the integration of solar energy and the exploration of clean hydrogen for manufacturing, SOHAR is leading the way in sustainable port operations.