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24-Jan-2016

Saudi logistics firm to invest in Sohar Freezone

Sohar Port and Freezone signed a new deal with Warehousing Solutions LLC, a newly established company belonging to Saudi Arabian logistics provider Warehousing Projects and Logistics LLC (WPL) to develop and manage the new warehouse park at Sohar Freezone - one of WPL's first major ventures outside the Kingdom. The signing marks the beginning of the construction of WPL's planned 50,000 sqm warehouse park in Sohar Freezone; a further 50,000 sqm has been reserved for phase II, taking the total size of the land lease agreement up to 100,000sqm. Warehousing Solutions will construct ready-built warehouses as well as bespoke warehousing for other SOHAR tenants on-site in the Freezone. (Oman Observer)

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