Oman and France Sign $400 Million Deal for Sohar Port Terminal

Jul 1, 2026

52 min

Jul 1, 2026 10:32

Oman, France ink $400 million deal for Sohar Port logistics terminal

## Major Logistics Hub Planned for Sohar

Oman and France have entered into a $400 million agreement to develop a state-of-the-art logistics terminal at Sohar Port. This initiative is part of a broader strategy to transform Sohar into a key regional and international trade hub.

## Strategic Partnership

The deal was signed by Oman's Asyad Group and French shipping company CMA CGM during Sultan Haitham bin Tarik's visit to Paris. It aims to enhance cargo handling, improve supply chain efficiency, and strengthen shipping links globally.

## Economic and Investment Cooperation

This project is a component of several strategic agreements between Oman and France, focusing on boosting economic and investment ties. It aligns with Oman's Vision 2040, which seeks to diversify the economy and expand the logistics sector.

## Enhancing Regional Connectivity

The investment is expected to position Sohar as a gateway for trade between Asia, the Middle East, Africa, and Europe. It also reflects CMA CGM's growing influence in the Gulf region and Asyad's efforts to attract international investment and develop world-class infrastructure.

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