SOHAR Port, one of the fastest-growing ports in the world, has revealed that it has increased its production capacity by 14 percent (18 million tons) during the second quarter of this year when compared to the same period last year.
According to the statement, “The volume of liquid commodities rose by 13 percent to 4.5 million metric tons, while dry goods volume went up by 12 percent to 10.5 million metric tons.”
The port posted a hefty 168 percent raise in handling vessel-mounted mobile goods, while it dealt with 190,000 standard container units (ITUs) by the end of the second quarter this year, 2.3 percent less than the corresponding rate in 2020. As many as 804 vessels dropped anchor at SOHAR Port, 18 percent more than the number of vessels berthed there during the second quarter last year.
Furthermore, during the second quarter, the SOHAR Freezone recorded a 10 percent increase in land occupancy (First Phase), as well as 503,000 tons of exports. The production capacity reached 545,000 tons in the freezone where 45 countries have investments.
“Although the global economy is beginning to show signs of recovery, there is still a fair amount of uncertainty due to the ongoing pandemic. Given these dynamics, our efforts to refine our business scenarios to emerge more resilient and adaptive have shown themselves to be well-placed and projections indicate that we are on course to exceed the amount of cargo that passed through in 2020. The port’s continual growth is a testament to the long-term value that we provide to our clients as we operate safely and efficiently to serve the industrial and economic sectors.”
Mr. Omar Mahmood al Mahrizi, CEO of SOHAR Freezone and Deputy CEO of SOHAR Port said, “SOHAR’s rise to prominence has been extremely gratifying, but for us, it’s still only the beginning. In alignment with the port’s impressive growth, we continue to make major investments in the freezone, while promoting it, and Oman in general, as a favorable business destination.”
“The strategic location and an amenable trade environment presented a huge potential for our stakeholders and partners. The vision to become a prosperous global trading hub is coming to fruition,” Mr. al Mahrizi further added.