How has Sohar Industrial Port Company (SIPC) developed since its inauguration?
SIPC was established in 2002 as a joint venture between the government of Oman and the port of Rotterdam. Basically, they wanted to develop and manage a port for around 25 years between 2002 and 2027, although we changed the concession agreement last year and extended the period to 2032. In the beginning, the port was approximately 2000 hectares in size and roughly 4300 hectares have been added since this time.
