Oman’s Asyad inks concession agreement to develop Al Suwaiq Port

Oman inked a concession agreement with Omani logistics giant Asyad to develop and manage Al Suwaiq Port for 40 years, ONA reports.

What we know: Asyad will develop a 500 meter long by 14 meter deep sea berth to accommodate several sizes of vessels and handle all types of cargo including bulk, liquid, dry, and general cargo as well as vehicles, according to ONA. An expansion of storage facilities is also on the cards, along with implementing more efficient handling systems to streamline operational processes.

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There’s more: The agreement also includes a caveat for work towards expanding the land area of Suwaiq Port to over 360k sqm in a bid to introduce new international shipping lines and meet the needs of Oman’s growing food security sector, ONA writes.

Asyad has history with the port: The Omani firm assumed the port’s management in 2019 and helped boost trade capabilities. The port features a 300-meter berthing capacity and features onshore facilities and the ability to accommodate vessels with drafts up to 5 meters.

The potential is there: Asyad requested expressions of interest back in 2021 for an expansion project that aims to increase the port’s capacity by 5 mn tons of general cargo and 5 mn tons of bulk cargo annually.