Oman’s Sohar Port and Freezone has revealed that it received domestic and foreign investments worth over OR10 billion ($25.9 billion) through the execution of about 30 projects in the port area and 29 projects in the free zone, said a report.

The ventures include a number of manufacturing and logistics projects, added the Oman Tribune report.

This confirms the success of the government’s efforts in making the Sohar area a trading and investment hub attractive for global companies at various levels and fields, it said.

The Sohar Port and Free Zone company continued to register positive results over the past period.

Investment volumes in the free zone rose increasingly to exceed $15 billion. This promises a transitional stage, especially with the readiness of the huge ongoing projects, the most important of which are Liwa Plastic Industries and the expansions of Orpic.

Sohar gained economic and commercial importance, and was able to prove itself as a promising in terms of its strategic location and proximity to the shipping lanes between the East and the West.