Sohar Freezone received commendations for ‘infrastructure improvements’ and for ‘energy independence’ from fDi Magazine editor, Courtney Fingar, during a short ceremony held at Emirates Towers in Dubai last week.
Jamal Aziz, CEO of Sohar Freezone, said, “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 US$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 at Sohar Freezone as overseas investors discover many advantages of Sohar Port and Freezone’s unique location outside the congested Strait of Hormuz.
Over the past five years, Sohar Freezone has emerged as a highly competitive investment location, with reasonable land-lease rates and available energy solutions, a well-educated local workforce, 100 per cent foreign ownership and zero per cent personal tax. With a dedicated one-stop-shop team to manage all the licences and permits required, setting up a business has never been easier.
Sohar Port CEO Mark Geilenkirchen, said, “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.”