For the third successive year, the jury from fDi Magazine, a part of Financial Times, has awarded SOHAR Freezone in Oman in two of their annual Free Zone of the Year categories. SOHAR received commendations for Infrastructure Improvements and for Energy Independence from Courtney Fingar, fDi’s editor, during a short ceremony held at Emirates Towers in Dubai last week.
Jamal Aziz, SOHAR Freezone CEO, commented: We are immensely proud to have received these two awards, particularly as they are benchmarked against best-in-class free zone facilities from around the world. They bear testament to our significant investments and on-going improvements in accessibility and energy infrastructure. Recent signings, like our new $300mn cotton yarn plant, that will provide over 1,500 new jobs in SOHAR, show that international investors are equally impressed by what our growing Freezone can offer.
Planning is underway for phase two of SOHAR Freezone, as overseas investors discover the many advantages of SOHAR Port and Freezones unique location outside the congested Strait of Hormuz, but close to the main markets of the Gulf and Indian subcontinent, coupled with world-class connectivity by land, sea and air.
CEO Mark Geilenkirchen added: We always strive to benchmark ourselves in SOHAR against the highest international standards. Commendations of this kind, from respected organisations like the Financial Times group, are a great motivation for all our teams, and a good sign that the work they are doing to grow our business here is on track.