Saturday 7 December 2019
 
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Oman inks deal to set up first integrated land port

MUSCAT, 16 days ago

Oman-based Khazaen Economic City (KEC) has signed an investment agreement with a number of leading logistics companies to operate and manage the dry port in the economic city of Al Batinah South Governorate.

As per the deal, Marafi, Khimji Ramdas and Al Madina Logistics Services will lease a total of 250,000 sq m of land of which 100,000 sq m will be developed and managed in the first stage at an initial investment of $10 million, reported ONA, citing the Omani transport minister.

Dr Ahmed Al Futaisi said: "The signing of the agreement to establish the first integrated land port, in partnership between the public and private sectors, will be an important link between the various seaports and commercial, industrial and economic areas in Oman as a result of the growth of shipping and maritime traffic witnessed in the ports of the sultanate."

“We are looking forward to the new dry port's contribution to speed up the movement of containers and cargo, reducing the total cost of outbound and inbound goods and to provide container maintenance services,” he stated.

Khalid Al Balushi, CEO of Khazaen Economic City, said, “The dry port project is a true example of how the private sector could positively contribute in the development and growth of the logistic sector in Oman.”




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