Oman's Sohar Port to launch reclamation project
- Oman: Sunday, February 03 - 2013 at 02:23
Oman's Sohar Port has announced plans to create additional land for investment and development at the industrial hub by launching a major reclamation scheme soon, Oman Daily Observer has reported. The Majees Reclamation Project aims to create around 130 hectares of prime waterfront earmarked for, among other potential investors, a petrochemical venture as well as additional tank farm capacity planned by an existing tenant. "Within 24 to 30 months, we will see new industrial development beginning to take shape on this reclaimed land. It will open up opportunities for new developments, including the recently agreed venture for a PTA / PET project by Oman Oil Co and LG," said executive commercial manager of Sohar Industrial Port Co, Edwin Lammers.
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