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  • July 13, 2021

SOHAR LOOKS TO EXPLORE INVESTMENT OPPORTUNITIES IN THE INDIAN MARKET

SOHAR Port and Freezone, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI), has launched a series of five online webinars to explore opportunities between SOHAR and the Indian market. In the following months, four more webinars will be conducted targeting the various key industries such as Food, Automotive, Plastics and Metals.

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  • July 08, 2021

CONTINUING TO ENJOY STEADY GROWTH\ SOHAR PORT & FREEZONE IS TRANSFORMING THE SULTANATE’S CAPACITY FOR WORLDWIDE TRADE

SOHAR Port and Freezone has announced impressive results for the first quarter of 2021, recording growth in all categories of cargo in Q1 2021 over the same period last year. As the rapidly growing complex continues to transform the Sultanate’s burgeoning maritime and logistics industries, it reported that throughput increased by 21% over the same period in 2020, dry bulk volume grew by 25% to almost 9 million tons, breakbulk handling grew by 7% to 426,783 and liquid bulk increased by 7% to just over 4 million tons. The number of handled containers increased by 1.8% to 197,000 TEU. In addition, the port also recorded spectacular growth of 200% increase in Ship-to-Ship (STS) cargo given its strategic location and its reputation for delivering unmatched quality of service with quick turnaround times with our ever growing STS Customer base. “The year-on-year throughput growth at SOHAR Port and Freezone has transformed the Sultanate’s capacity for worldwide trade. The first quarter results for 2021 show that there is very strong demand for raw materials for industry and consumer goods, fuelled by the recovery of economies around the world. Our robust business continuity strategy and advantageous position at the crossroads of global trade routes has helped us to manage increased levels of cargo traffic and ensure a seamless and uninterrupted flow of operations to support the national economy,” said Mark Geilenkirchen, Chief Executive Officer of SOHAR Port. Omar Mahmood Al Mahrizi, CEO of SOHAR Freezone, Deputy CEO of SOHAR Port, added, “SOHAR is positioned as a logistics gateway and is integral to bringing in the requisite goods to clients within the freezone and industries in the region relying on a steady flow of materials. Further expansion of the port will increase Oman’s role as an international trade hub allowing us to attract more leading global partners and establish ourselves as the ideal location for business outside the Gulf.”

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  • June 20, 2021

SOHAR Port and Freezone Ink Strategic MoU with Brazilian Port of Pecém

SOHAR Port and Freezone have signed a Memorandum of Understanding with the Port of Pecém in Cear?, one of Brazil’s top ten major ports. The agreement will allow the entities to collaboratively advance their global maritime and logistics operations, enacting a number of shared objectives including the exploration of joint business opportunities, the exchange of knowledge and best practices, and developing technologies for green hydrogen and other renewables, in cooperation with its shareholders, Port of Rotterdam and ASYAD. As one of the world’s fastest-growing ports, the tie-up reinforces SOHAR growth strategy while strengthening its position as a key logistics hub in the region and beyond.

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  • May 23, 2021

SOHAR Continues to Attract Foreign Investment Despite Turbulent Market Conditions

Despite the current challenging market conditions resulting from the pandemic and fluctuating oil prices, SOHAR Port and Freezone reported an increase in cargo volume and overall performance in 2020. The port recorded a 1% increase in the number of containers that reached the port, whilst breakbulk increased by 18.2%, liquid bulk by 5.9% and dry bulk by 1.5%. In addition, the port also recorded 100% growth in Ship-to-Ship (STS) cargo given its strategic location and its reputation for delivering unmatched quality of service with quick turnaround times.

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