Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

OMAN

Hong Kongs Hutchison To Operate Sohar Container Terminal

Hong Kong-based Hutchison Port Holdings announced on 15 November it had entered into an agreement with the Sohar Industrial Port Company (SIPC) to invest and operate a container terminal in the port which is managed by SIPC, a joint venture between the government of Oman and the Port of Rotterdam. A new company, Oman International Container Terminal (OICT), is to be formed...