Sohar Freezone has signed a land lease agreement with Integrated Solutions Plant and Land Services (FZC) LLC to establish a liquid fertilizer plant spread over a 15,000 sqm-plot.
The project represents an investment of RO2.2 million and it includes the potential for future expansion which would see the plant produce ammonium sulphate to strengthen Oman’s export sector, especially in Pakistan and Tanzania.
Omar bin Mahmood Al Mahrizi, CEO of Sohar Freezone, deputy CEO, Sohar Port, said, “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 will 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.”
Hussein Amin, Partner at Integrated Solutions Plant and Land Services (FZC) LLC, added, “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.”
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. Businesses benefit from 100% foreign ownership, attractive local labor requirements, 0% import or export duties, and zero percent income tax, and the on-site One-Stop-Shop service is available to assist with the acquisition of all necessary registration, licenses, and visas.
Sohar Port operates a custom clearing service available 24 hours a day, seven days a week, and is linked to the Freezone by a bonded transport corridor that allows goods to travel between Port and Freezone within 14 minutes.
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