Oman eyes Indian investors for logistic sector

OmanSoharOman’s Vision 2020 programme aims to diversify the country’s economy beyond the oil industry. (Image source: Huskyherz/Pixabay)Oman's Sohar Port and Freezone has plans to expand into India’s logistics industry as it promoted the Gulf gateway in two Indian cities recently

As the Middle East embarks on its most ambitious rail network, with some US$250bn earmarked for the construction of nearly 70,000 km of railway line over the next five years, Indian cities of Mumbai and Chennai were the focus for a three-day roadshow by Sohar.

Oman’s new railway network is set to help transform the Sultanate into a major cargo hub for the entire Gulf region, in turn creating a wealth of investment opportunities for Indian companies.

Sohar Port and Freezone is a deep sea port and free zone in the Middle East, situated in Oman around 200 km northwest of its capital Muscat.

Andre Toet, chief executive of Sohar Port, said, “Sohar is a critical link in Oman’s commercial logistics industry and is committed to building a sustainable logistical gateway that will help Oman to achieve its Vision 2020 objectives.

“From the standpoint of Oman’s economic diversification strategy, the logistics industry has the potential to surpass the hydrocarbons sector as the nation’s economic mainstay.”

Oman’s Vision 2020 programme aims to diversify the country’s economy beyond the oil industry. The rapid development of the port and freezone in Sohar is an example of how the nation is strengthening its manufacturing capabilities.

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