To establish the first integrated land port in the Sultanate of Oman an agreement has been signed. Khazaen Economic City (KEC) signed an investment agreement with a number of leading logistics companies to function and manage the dry port in the economic city of Al Batinah South Governorate.
“The signing of the agreement to establish the first integrated land port, in partnership between the public and private sectors, will be an important link between the various seaports and commercial, industrial and economic areas in the Sultanate as a result of the growth of shipping and maritime traffic witnessed in the ports of the Sultanate.” Said minister of Transport said in a statement.
In the terms of the agreement includes the right for Marafi, Khimji Ramdas and Al Madina Logistics Services to lease a total of 250,000 sqm of land of which 100,000 sqm will be developed and administered in the first stage with an initial investment cost of $10 million.
“The dry port project is a true example of how the private sector could positively contribute in the development and growth of the logistic sector in Oman.” Khalid Al Balushi, CEO of Khazaen Economic City.