The Asyad Group subsidiary, Marafi, has signed a memorandum of understanding (MoU) with Khazaen Economic City to develop and operate dry port facilities in Khazaen. Khazaen, which is being promoted as an international logistics hub, will as a result of the deal be the site of the country’s first dry port, and will be supported by dedicated logistics, industrial, commercial and residential zones.
Marafi plans to set up a special purpose vehicle with local logistics partners from the private sector to develop the new facility. Abdulrahman al Hatmi, Asyad Group chief executive, says, “The dry port at Khazaen will speed the flow of cargo between ships and major land transportation networks. It will improve the movement of imports and exports by moving the time-consuming sorting and processing of containers away from congested seaports.”
Marafi, which has been established to manage and operate maritime services and ports and terminals in Oman, will work with Khazaen Economic City to obtain all the necessary approvals and permits and complete due diligence over the coming months. The aim is then to sign definitive agreements for the development of the new dry port before the end of 2018.