Freezone reports 14% increase in throughput in Q1-Q3 time period
SOHAR Port and Freezone continued to make solid progress in the first nine months of 2021 despite a global downturn in trade and supply chain disruption.
The Port’s handling of goods in and out of the Sultanate (throughput) performance saw an overall increase of 6.1%, while Ship-to-Ship Cargo saw an impressive growth of 59%, as Container Handling decreased by 3.9%. At the same time, Liquid Bulk increased by 7%, Dry Bulk increased by 4.3% and Break Bulk remained the same.
The Freezone’s performance has been stellar with a 16% increase in the land occupancy and a 14% increase in throughput compared with the same period last year. The complex also saw an 8% increase in exports. SOHAR Port and Freezone remains on course for a strong end to the year.
“The Port and Freezone has remained open at full capacity throughout the pandemic, operating safely and efficiently to serve the industrial and economic sectors,” remarked Mark Geilenkirchen, CEO, SOHAR Port and Freezone.
“Over 70% of all goods entering the Sultanate pass through SOHAR, as well as more than 40% of exported goods. We are grateful to the entire SOHAR team, both at the Port and Freezone and offshore, for their hard work and commitment throughout the year to date,” commented Omar Mahmood Al Mahrizi, Deputy CEO, SOHAR Port and CEO of SOHAR Freezone. SOHAR Port and Freezone has attracted close to US$ 30bn in total investment as part of a long-term commitment to developing the national economy in line with the objectives of Vision 2040.