Auto firm takes 40 hectares at Sohar Freezone
Plans progress for phase two 85% of first 500 hectares is now sold
Saud Bahwan Group, one of the biggest automotive distributors in Oman, has signed a deal to take 40 hectares of land at the new Sohar Freezone, which it will use to store Toyota and Lexus vehicles.
The cars will be delivered via the new general cargo terminal at Sohar Port and the facility becomes part of a growing automotive cluster, where Suhail Bahwan Automotive stores Nissan and BMW vehicles, and OTE brings in Hyundai vehicles.
The deal means that 85% of the 500 hectares of land that was developed under phase one of the Sohar Freezone is now occupied. Its development, which was due to be phased until 2017, has been brought forward as it is anticipated the land will sell out next year.
Already, around $15bn has been invested into the area.
Plans for the development of phase two are now being progressed with a view to incorporating Oman's rail link, which is set to be operational by 2019.