Centre Point Logistics (CPL), a Dubai-based provider of logistics, warehousing, and storage, has expanded its operations in the GCC after a deal was signed with SOHAR Port and Freezone in the Sultanate of Oman.
The agreement will see CPL manage a 50,000sqm plot of land on the Freezone, and represents the first phase of expansion into KSA. It is also a significant coup for the Omani port authority, as UAE firms seek to take advantage of competitive energy and land rates, and transport links to KSA from outside the Strait of Hormuz.
Saleh Saeed Lootah, chairman of Centre Point Logistics, commented, “With our local and regional growth and changing dynamics of UAE logistics and supply chain market, there has arisen a more challenging business environment that needs ‘out-of-the-box’ thinking in order to provide more tailored solutions that meet the changing needs of customers. From the time business negotiations began, CPL has received a welcoming response from SOHAR Freezone and we’re excited to start operations.”
With its strategic location and road network linking UAE, Oman, and Saudi Arabia, the agreement with SOHAR Freezone was described as a milestone expansion for CPL. The road distance between Dubai and Sohar, via Al Ain, is just 243 kilometres and the drive time is two hours and 36 minutes. The business benefits are also comprehensive.