Ahmed al Azkawi, acting CEO of Oman Logistics Company
New investment deals for Oman Logistics hub
MUSCAT, November 20, 2016
Oman Logistics Company, a wholly government-owned entity, has signed several deals making further headway in the development of a logistics hub in South Al Batinah Governorate, said a report.
Contracts have been signed with a number of investors for the establishment of, among other things, temperature-controlled warehouses, conventional covered structures and open-yard areas for the storage of goods, added the Oman Daily Observer report.
While some of the new tenants are direct investors, others are third party logistics (3PL) service providers, it said.
Oman Logistics Company is overseeing the implementation of ‘Khazaen’ — the Sultanate’s flagship integrated logistics hub in South Al Batinah Governorate.
Ahmed bin Said al Azkawi, acting CEO of Oman Logistics Co, described the Khazaen initiative as an integral part of the Omani government’s efforts to create a logistics-centric economy in the Sultanate
The project, he said, seeks to leverage the sultanate’s modern transportation infrastructure, as well as its ports and free zones, in driving logistics related investments and activities within Khazaen, thereby supporting the government’s vision of creating jobs for Omanis and diversifying the economy in general.