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Business conglomerate Saud Bahwan has signed an agreement with Sohar Freezone authorities to construct a vehicle and storage distribution centre for Toyota and Lexus vehicles
The project will be spread across 400,000 sq metres of land in Sohar Freezone, and will be projected as a new automotive cluster capable of handling more than 200,000 vehicles annually, alongside Suhail Bahwan Automotive for Nissan and BMW, and Oman Trading Establishment (OTE) for Hyundai vehicles.
The company added that C Steinweg Oman would be the general cargo terminal operator, who will be playing a key role handling all of the cars. Sources from Saud Bahwan group said a detailed master plan and its economic impact, including employment potential of the proposed distribution centre would be known after three months.
Phase 1 of Sohar Freezone is expected to sell out completely by 2015, and Phase 2 is currently being planned. Sohar Freezone authorities added that 80 per cent of the lease of the first five million sq metres had been completed.
Jamal Aziz, chief executive of Sohar Freezone, said, ”The superb location of Sohar; its connectivity; the future rail and motorway infrastructure; a new airport; great access to abundant low-cost energy and utilities; and the feeder network through the port, have all put Sohar in the global spotlight and resulted in the spectacular growth we've seen in the past decade.”