SOHAR Port and Freezone is one of the fastest growing ports in the world. Situated in Oman near the Strait of Hormuz facing the Arabian Sea, the port and freezone is located on one of the world's most important shipping routes.
Unhindered nautical access, modern logistics facilities for different types of cargo and road, rail and air connections to the Gulf states make SOHAR a smart logistics hub.
A market of more than 1 billion people is within easy reach thanks to SOHAR's unequalled connections to the booming economies of the Gulf states, India and east Africa. With the presence of steel, petrochemical, and plastics manufacturing facilities in the port area, the Omani port is also emerging as a major industrial site.
Setting up business in SOHAR Port and Freezone
SOHAR Port and Freezone offers a combination of incentives for investors to set up projects easily and flexibly, such as:
- 100% foreign ownership
- Corporate Tax Holiday of up to 25 Years
- One-Stop Shop for all Relevant Clearance
- Free Trade Agreement with US and Singapore
- 0% Import or re-export Duties
- 0% Personal Income Tax
- Low Capital Requirements
Netherlands signs declaration of intent on hydrogen with Oman
During the climate summit in Egypt (COP27), Prime Minister Rutte signed a declaration of intent with the government of Oman on hydrogen cooperation. For some 20 years, the Port Authority has had a joint venture with the government of Oman to develop and operate the port of Sohar in the north of the country. This initiative contributes to the ambition to establish hydrogen import chains from countries where renewable energy can be generated at low cost and exported to Northwest Europe.