As one of the fastest-growing port and free zone developments anywhere in the world, SOHAR has an abundance of space that is readily available and filling up fast. The very first phase of the Freezone is almost fully leased out, three years ahead of schedule, and some 26 companies are already reaping the benefits of unrivaled access to land, low-cost energy, and a skilled workforce.
SOHAR Freezone has options for leasing pre-built warehouses and commercial offices, as well as %100 foreign ownership, %0 import or re-export duties,%0 personal income tax, corporate tax holidays of up to 25 years, and a dedicated One-Stop-Shop for all relevant permits and clearances. Oman offers one of the most stable and business-friendly climates in the Middle East and SOHAR Freezone has become a destination of choice for regional and international investors looking for an ideal Middle East hub for trade, commerce, and industry
Looking ahead, SOHAR will continue to expand, both physically in landmass, as well as its clusters and client base. Due to foreign investment within Phase 1, SOHAR Freezone sees more expansion and growth plans underway in the upcoming Phase 2. The free zone offers a compelling value proposition with unique incentives for investors to operate their companies easily and flexibly, in an environment where businesses can prosper.
The new SOHAR Port South expansion, which will ultimately add 250-hectares to the land area, is well underway. In addition to the land area, SOHAR Port South will also provide additional cargo capacity in the form of new deep-water berths. SOHAR Port South Package I has already added 50-hectares to the land area and is fully completed.
As with any other industrial zone, SOHAR continues to experience a rapidly rising energy demand, which is mirrored by the domestic households throughout the Sultanate. As a responsible corporate citizen, and also to ensure that energy costs are kept at a minimum, SOHAR recently joined forces with Shell to co-develop solar power projects at the free zone. Tapping into Oman’s solar potential, the Freezone has dedicated some 600-hectares of land for the solar PV projects. Each of these projects is 25 MW PV power generation capacity, which will create long-lasting economic value for the Sultanate and the companies in the Freezone. The abundance of energy, raw materials and world-class logistics support in SOHAR, coupled with generous incentives and our One-Stop-Shop system for all Government clearances, provides a significant advantage for business.