Print
PDF
Sohar Port and Freezone has signed a land development agreement with Moon Iron & Steel Company SAOC (MISCO). The project will see the construction of 700m quay wall for a new facility in the eastern area of the port, with work due to start by the end of the year.
Commenting on the agreement, Mark Geilenkirchen, CEO, said, “In line with our vision, we aim to utilise the available land as an extension of the current Steel and Logistics Cluster. We also seek to keep an eye out for industries that could further develop and strengthen the overall portfolio of services, provided by the port. This way, we can facilitate the growth of the existing industries and tenants, alongside accommodating new types of services, industries and products.”
Misco has an annual production capacity of 1.2 million tons of high-grade reinforcement bars and is looking to take advantage of emerging opportunities in the construction industry, both within Oman and in the wider Middle East region.
According to Sasikumar Moorkanat, Managing Director and Chief Executive of Misco, “With the construction of the land and quay wall for the new plant, we will be able to facilitate the handling of direct reduced iron as raw material for producing steel, as well as hot-rolled coil, which can be used for engineering applications, including pipe manufacturing, cold rolling, galvanising and structural fabrication.”
