Times of Oman2
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
Suhail Bahwan inks deal with Freezone Sohar
Times News Service
November 21, 2012 , 3 : 00 am GST
SAVE THIS ARTICLE
STATE-OF-the-ART: Freezone Sohar has signed an agreement with Suhail Bahwan and OTE to develop a logistics park to accommodate the activities of their group companies. Pic: Supplied picture
An important step was taken in the further development of Freezone Sohar yesterday by the signing of an agreement with Suhail Bahwan Automotive and OTE to develop a logistics park of 50 hactres to accommodate the activities of these companies.
Sultan Al Habsi, Chairman of Freezone Sohar, and Jamal Aziz, CEO of Freezone Sohar signed the agreement with Sheikh Ahmed Suhail Bahwan, Chairman of SBA and Othman Suhail Bahwan al Mukhaini, Shareholder of OTE in the SIPC admin building. The signing was witnessed by the visiting mayor of Rotterdam who represents the Port of Rotterdam as the JV partner with the Government of Oman in Port and Freezone Sohar.
The agreement signed centralises the automotive industries of SBA (dealer for, amongst others, Nissan, BMW, Renault) and OTE (dealer for, amongst others, Hyundai) in Sohar and starts establishing Sohar as the logistical hub for local and regional distribution of cars, spare parts and other automotive related activities.
Besides that, OTE will utilise the opportunities of the commercial centre of the Batinah region to establish their distribution centre for electronic appliances and is studying the consolidation of other activities in the same area.
Rate this Article
Rates : 1, Average : 3
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Bank Muscat’s net profit leapfrogs 59% to OMR40m
Shipping lines set to move to Sohar
National Centre for Statistics and Information to conduct foreign investment survey in Oman
Samsung curved television makes a mark in region
HSBC Bank Oman to sell Indian business to Qatar’s Doha Bank
TOP RATED ARTICLES
IPL: Sachin Tendulkar ‘still the face’ of Mumbai Indians
Royal Oman Police nabs fake cigarette seller
Times News Service
2 dead, more than 100 missing as South Korea ferry sinks
Muscat Sheraton flyover construction work set to begin next month
Manchester City, Paris Saint-Germain face UEFA's financial fair play sanctions: Report
More in News
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
Italian violinist strikes a chord with street children
Tips for writing a good article
How to choose your writing form and communicate your creative thoughts
Natasja Engholm - Special to Times of Oman
More in Features
Turkey must take the lead role to end conflict in Syria
Mobiles are replacing gaming consoles
Attempts to remake Eden are dangerous
Efforts on to wash off Japan’s war crimes
Middle East, Muslim world losing battle of hearts, minds
Aijaz Zaka Syed
More in Columns
Get Top news by E-mail.
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial