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Khazaen Economic City (KEC) has today signed a $10 million agreement with a number of leading logistics companies to operate and manage a new dry port in KEC, located at Al Batinah South Governorate. The signing ceremony was attended by His Excellency Ahmed bin Mohammed Al Futaisi, Minister of Transport.
The terms of the agreement include the right for Marafi, Khimji Ramdas and Al Madina Logistics Services (SAOC) to lease a total of 250,000 sqm of land and develop 100,000 sqm as a first stage and work to finance, construct and then operate the dry port with an initial cost of $ 10 million.
The agreement was signed, on behalf of Khazaen, by Khalid Awadh Al Balushi, CEO of Khazaen Economic City and by Dr. Ahmed Mohammed Al Abri, CEO of Marafi, on behalf of the three companies; Marafi Company, Khimji Ramdas and Al Madina Logistics Services (SAOC)
HE Al Futaisi said: “The signing of the agreement aims to establish the first integrated land port in the Sultanate in partnership with the public and private sectors at Khazan Economic City. The new dry port is an important step towards linking Oman’s seaports to the commercial, industrial and economic areas in the Sultanate as a direct result of the continuous growth of shipping and maritime traffic across our ports.``
“We are looking forward to the new dry port’s contribution to speeding up the movement of containers and cargo, improving logistics services, reducing the total cost of outbound and inbound goods and providing container maintenance services, as well as services related to government clearance." He added.
Khalid Awadh Al Balushi, CEO of KEC, said that the dry port project is one of the main components in the city which will enhance the integration of services available to investors and business owners and will facilitate the process of customs clearance and container traffic coming from various logistics ports. The project will also contribute to increasing the competitiveness of the city and enhance the process of attracting local and international business owners to establish their projects.
Al Balushi added: “The dry port project is a real model of partnership with the private sector, represented by Khimji Ramdas and Al Madina Logistics Services (SAOC), to improve the logistics sector in Oman.”