Oman’s SOHAR Freezone has signed a land lease agreement with Integrated Solutions Plant and Land Services for 15,000 sqm within the freezone in order to establish a liquid fertilizer plant.
The project represents an investment of $5 million (RO 2.2 million) and it includes the potential for future expansion which would see the plant produce ammonium sulphate to strengthen Oman’s export sector.
“The addition of a new liquid fertilizer plant, in partnership with Integrated Solutions Plant and Land Services (FZC) LLC, enhances SOHAR’s ability to serve the local, regional, and global markets with high-quality agents for industrial production. SOHAR can offer companies in all sectors a world-class integrated logistics and industrial hub with direct shipping to key markets and broadening our tenant profile to Egypt for the first time is a key step in our ongoing expansion.”
SOHAR Port and Freezone is an engine for economic diversification, sustainability, and investment in order to meet Oman’s development goals. The fully integrated industrial and logistics hub offers a wealth of attractive incentives to make doing business easier and more efficient.
Mr. Hussein Amin, Partner at Integrated Solutions Plant and Land Services (FZC) LLC, said that, “We are delighted to establish a presence at SOHAR with the 15,000 sqm space within SOHAR Freezone, which will help us expand operations and reach new clients in developing markets.”
“Integrated Solutions Plant and Land Services is at the forefront of producing high grade, organic liquid fertilizer in support of growing populations and increasing needs in this sector. SOHAR represents an opportunity to connect with customers worldwide using established shipping lines and trade agreements,” Mr. Amin further added.