Asyad Group and CMA CGM Group have signed a Framework Agreement to develop, manage and operate a new multipurpose logistics terminal at Sohar Port in Oman, with an investment of $400 million.
The agreement was signed during the official visit of His Majesty Sultan Haitham bin Tarik to France, reflecting the broader strengthening of economic ties between Oman and France.
The new terminal will deliver advanced integrated logistics services and supply chain solutions, with the aim of reinforcing regional and international trade corridors, increasing cargo handling volumes and deepening Omani ports’ connectivity to global shipping networks. No timeline for completion has been disclosed.
Eng. Abdulrahman Al Hatmi, Group Chief Executive Officer, Asyad Group, said: “This partnership reflects Asyad Group’s vision of building strategic collaborations with major global companies to enhance the commercial attractiveness of Omani ports and maximize the economic value of their assets.
“This cooperation will open new horizons for attracting trade flows and quality investments to ports, and free and economic zones, and strengthening Oman’s position in global supply chains, in support of the Sultanate’s objectives to establish its position as a pivotal center for trade and logistics services at the international level.”
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Rodolphe Saadé, Chairman and Chief Executive Officer, CMA CGM Group, stated: “This partnership with Asyad Group marks an important step in the development of our logistics and port activities in the Gulf. By developing a new logistics terminal at Sohar, we will strengthen regional connectivity while securing reliable inland access to key trade corridors.
“It will ensure greater resilience and efficiency for our customers’ supply chains. It also reflects our confidence in Oman’s long-term vision and our commitment to strengthening its position as a strategic gateway connecting the Gulf to global markets.”
For more information:
CMA CGM – https://www.cma-cgm.com/
