The Ministry of Transport, Communications and Information Technology, Oman signed a concession agreement with Asyad Group to develop, manage and operate A’Suwaiq Port for 40 years.
The agreement provides for the construction of a sea berth (500-metre-long by14-metre-deep) designed to accommodate various sizes of ships and handle all types of cargo, including bulk, liquid, dry and general cargo and vehicles. It also provides for the endorsement of modern handling systems that improve operational efficiency and expand storage capacities to keep pace with growing demand in the field.
The agreement also includes terms for expanding the area of A’Suwaiq Port to more than 360,000 square metres to meet the needs of the growing local economy, notably in the food security sector. It aims at maintaining the port’s role as a multi-purpose commercial hub that meets international standards, thus offering it an opportunity to add new international shipping lines.
The agreement aims to develop A’Suwaiq Port in a manner that makes it a major commercial hub and supporter of the national economy, in addition to enhancing the position of the Sultanate of Oman as a global logistics centre.
The agreement goes in line with the Ministry’s strategy to empower Omani ports, upgrade import and export operations and attract new shipping lines for connecting the Sultanate of Oman more efficiently with international markets.
The agreement was signed by Eng. Said Hamoud Al Ma’awali, Minister of Transport, Communications and Information Technology, and Abdul Salam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA).
