Oman and its Dutch partner on Friday signed a deal with Indian firm SKIL Infrastructure to develop a special economic zone (SEZ) connected to the Port of Sohar.
Oman's Minister of Commerce and Industry Maqbool Bin Ali Bin Sultan, representing the Oman government as a shareholder of the Sohar Industrial Port Company, Port of Rotterdam chief Hans Smits and SKIL vice-chairman Bhavesh Gandhi signed the contract.
The Sohar SEZ is expected to be launched in fourth quarter of this year, SIPC said in a statement.
The country views SEZs as a tool for economic growth that will create opportunities for attracting foreign investments.
The Sohar SEZ's proximity to the port gives it logistics advantage. It will create employment for the people living in Batinah region.
Oman's Minister of Commerce and Industry Maqbool Bin Ali Bin Sultan, representing the Oman government as a shareholder of the Sohar Industrial Port Company, Port of Rotterdam chief Hans Smits and SKIL vice-chairman Bhavesh Gandhi signed the contract.
The Sohar SEZ is expected to be launched in fourth quarter of this year, SIPC said in a statement.
The country views SEZs as a tool for economic growth that will create opportunities for attracting foreign investments.
The Sohar SEZ's proximity to the port gives it logistics advantage. It will create employment for the people living in Batinah region.