Salalah Free Zone (SFZCO) – part of Asyad – recently announced the signing of an agreement to set up Salalah Logistics Wholesale City, in a tweet on its official twitter account.

The 100,000sqm wholesale city will be built with an investment of US$20mn and will create as many as 1,500 direct jobs. The project is set to start in the first quarter of 2020.

The logistics wholesale hub aims to provide more than 2,000 integrated commercial units built to high international standards,where it will include exhibitions, warehouses and offices of international companies engaged in wholesale trade.

The signing ceremony was attended by Ali Tabouk, CEO — Salalah Free Zone Co and Ahmed bin Alawi Ba Aqil, Chairman of the Board of Directors of BTC Company.

https://www.businessliveme.com/economy/logistics-sector-to-create-2500-jobs-for-omanis/

In the twitter statement, Tabouk quoted a WTO report for 2017 and said that the total exports of WTO countries amounted to approximately $17.43 trillion. “Due to the Sultanate’s strategic location on international trade lines and global facilities ready to handle all kinds of goods, this investment will enhance the Sultanate’s success as an International hub for wholesale and merchandise trade for the Gulf region, Yemen and East African countries,” he added.

Earlier this month, SFZCO and Saudi Arabia’s National Steel Company signed an agreement to set up what will be the Sultanate’s largest iron industries complex with an estimated investment of US$500mn.

Salalah Free Zone has already attracted foreign direct investments with many major companies setting up shop and investments amounted to US$7.8bn. In July earlier this year, SFZCO had secured OMR13.5mn ($35m) in foreign direct investment from the private sector to develop a food plant that will be fitted by European technology and create jobs in Oman.