Salalah Free Zone draws investment

Such was the interest in the project that the port authority had to extend the bidding deadline until 11 March with 24 companies buying the tender document.

He cited the recent signing of an agreement for the establishment of a major methanol scheme in the free zone as an example. Work is now underway on the first phase of the project. Restall mooted the creation of interest clusters that can pursue opportunities linked to the development of value added industry, warehousing and logistics among other commercial activities in the free zone, and stressed the need for cluster formations involving regulatory authorities, private sector firms, banks and so on, as well as the creation of an EDI system that would allow sharing of information between the port, Customs, agents and the free zone administration, among others.