
Sohar Port and Freezone Secures US$220m for Green Expansion
Sohar Port and Freezone, in partnership with Oman Arab Bank and with the participation of another local bank, has signed a financing agreement valued at US$ 220 million to support a series of strategic expansion projects in the southern area of the Port, including the Marsa LNG project and Phase 2 of the Freezone expansion. The agreement marks a major step in advancing sustainable industrial and energy infrastructure within one of Oman’s fastest-growing logistics and manufacturing hubs.
The Marsa LNG project, a joint venture between TotalEnergies and OQ, is set to become the region’s first large-scale LNG bunkering and export facility. Developed on a 44.5-hectare site with an annual production capacity of around one million tonnes, the facility will be fully powered by a dedicated 300 MW solar plant. This will enable zero-carbon operations, positioning the project as a benchmark for clean energy adoption in the region and supporting Oman’s wider transition to renewable and low-emission fuels.
Sulaiman Al Harthi, CEO of Oman Arab Bank, said, “We are proud to support this landmark transaction that advances Oman’s strategic vision for sustainable growth and economic diversification. By leading this financing facility, Oman Arab Bank reaffirms its commitment to enabling transformative infrastructure projects that align with ESG principles and contribute to long-term national value.”
He added: “This agreement highlights our joint commitment to sustainable financing that delivers long-term value and economic impact.”
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