(MENAFN- Muscat Daily) Muscat- Sohar Port and Freezone together with RFX Industrial Parks LLC announced the recent signing of a development agreement encompassing 58 hectares within the Sohar Freezone.
This collaboration will see the development of turnkey, bespoke new built-to-lease logistics and light industrial units for tenants requiring modern accommodation within Sohar Freezone, according to a press release.
Mark Geilenkirchen, chief executive officer of Sohar Port and Freezone said, 'With several potential investments in the pipeline, Sohar Port and Freezone is committed towards providing tenants with the best high quality services to ensure an unmatched business experience. Our partnership with RFX will see the creation of new and innovative methods to further support existing tenants, as well as encourage newer ones to set up at the port and freezone.'
The entire development will comprise up to 290,000sq m of leasable space, which will offer various logistics size formats, including box and flex-log while also providing an easy solution of moving to larger units as tenant businesses expand. Phase one, which is due to commence construction in July 2019, will cover 10,000sq m of leasable area and be available for occupancy by the end of the year.
RFX Industrial Parks is a specialist real estate developer and manager of logistics and light industrial parks across the Middle East and Africa.
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