Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.

The agreement, signed during the official visit of Sultan Haitham bin Tarik to France, provides the framework for the development of a new $400 million multipurpose logistics terminal in Sohar.

The companies said the project would enhance integrated logistics services and supply chain solutions, reinforce regional and international trade corridors, increase cargo handling volumes and strengthen Omani ports' links to global shipping networks and international markets.

The partnership combines the capabilities of the two companies to enhance Oman's ports as global trade hubs, improve operational efficiency and provide services to customers across the region.

"This partnership reflects Asyad Group's vision of building strategic collaborations with major global companies to enhance the commercial attractiveness of Omani ports and maximize the economic value of their assets.

“This cooperation will open new horizons for attracting trade flows and quality investments to ports, and free and economic zones,