Marafi, the investment arm of state-run holding company Asyad, has taken over the responsibility for the management and operation of Sultan Qaboos Port (SQP) in Muscat, Oman, a report said.

The company will manage the marine operations and vessel handling as per the licence granted to it by the Ministry of Transport and Communications, reported Times of Oman.

Asyad will take over and address the staff of Port Services Corporation (PSC), which was managing Sultan Qaboos Port.

The staff will be distributed at the group companies as per the plan submitted to the Ministry of Transport and Communications, according to the report.