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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Salalah Port will operate under existing concession agreement until November 1, 2028

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Muscat: Salalah Port Services Company SAOG has announced that it has received formal notification from the Ministry of Transport, Communications and Information Technology (MTCIT), confirming that the existing concession agreements will not be extended beyond their contractual expiry date of November 1, 2028.

The Notification further stated that the decision not to extend the concession agreements is final and unconditional.

The Board of Directors will consider the Notification and assess its implications and potential impact on the Company. The Company will also engage with the relevant stakeholders as appropriate and will keep the market updated on any material developments in accordance with applicable disclosure requirements

The Ministry of Transport, Communications and Information Technology (MTCIT) said that it is committed to the expansion and development of the Port of Salalah and the continuity of port operations, and following the disclosure issued by Salalah Port Services Company confirming that it will continue to operate the port until  November 1, 2028 in accordance with the existing concession agreement.

The Ministry and the relevant authorities reaffirm that port operations and development activities will continue throughout this period.

The new operator that will take over the port's operations following the expiry of the aforementioned agreement will be announced in due course.


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