| 02/10/2010 |
| First civil works contract awarded for Freezone Sohar |
On Wednesday the 22nd of September a contract was signed in Muscat between Sohar Free Zone LLC and Al Naboodah Contracting Co. LLC. On behalf of Sohar Free Zone LLC, HE Sultan bin Salim Al Habsi, Undersecretary of Financial Affairs Ministry of Finance and Board Member signed together with the CEO of Freezone Sohar, Mr. Jamal T. Aziz. Present and signing from Al Naboodah Contracting LLC, Mr Senan Abdullah Mohammed Al Naboodah – Vice Chairman, Executive Committee, Al Naboodah Construction Group LLC. The Port of Sohar is today one of the largest multi-disciplined economic project in Oman. The concession agreement for the Port of Sohar was signed in 2002 and the addendum to the original concession agreement was signed in 2007 to develop and manage 4500 ha for establishing the Freezone Sohar. The first 500ha is now being developed and the first customers have already signed up to be a part of the major economic development for the Bhatinah region as well as for Oman. Sohar Free Zone LLC has been authorized by the Government of Oman to manage and develop the 4500 ha greenfield site as a free zone which will offer a number of incentives for investors. It is embedded within a modern multi-modal transport infrastructure comprising the Port of Sohar, Sohar Airport (under construction) and the planned rail port. The Saeed & Mohammed Al Naboodah Group has been operating for more than 50 years, offering a diverse range of products and services through four core business sectors – construction, commercial, investments and real estate
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