Asyad Group seeks private partners for port expansion

Logistics provider Asyad Group has issued a request for expression of interest (REOI) to local and international private firms looking to enter joint engagements and cooperate to develop the infrastructure and operations of Suwaiq Port in Al Batinah North, Oman.

As informed, the company seeks engagements including expansion projects that will allow the port to serve as a 600,000 m2 multipurpose trade hub with an annual capacity of 10 million tons, able to handle all types of large vessels with liquid, bulk and general cargo, in addition to livestock and vehicles.

According to Asyad Ports CEO, Ahmed Mohammed Al Abri, the REOI indicates that the expansion project aims to increase the port’s capacity by 5 million tons of general cargo and 5 million tons of bulk cargo annually, and build multi-purpose 14-metre-deep quays to accommodate large vessels.

The initiative is part of Asyad’s plan to develop the existing logistics ecosystem in Oman, enhance efficiencies in the logistics sector and upgrade its network of ports to improve competitiveness and meet the highest international standards and best practices.

Al Abri added that following the partner selection process, deep water quays will be designed and constructed to realize target capacity and promote the port’s regional competitiveness.

“All expansion and development works will help transform Suwaiq Port to a vital logistics destination and a key gateway to global and regional markets while securing the needs of the growing economy of Oman and maintaining national food security”.

In addition to bringing in new investments and creating new jobs, Suwaiq Port’s expansion will also realize logistic twinning plans with Sohar Port and develop advanced capabilities to handle all types of goods along with creating more business and expanding the horizons of new local arrivals, startup companies and maritime service companies, Al Abri said.

The deadline to receive letters of interest is December 6, 2021.