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APM calls for simplified Oman business regulations

APM calls for simplified Oman business regulations
Oman could further improve its standing as a logistics gateway if planned port developments are matched with regulatory changes, APM Terminals ceo Kim Fejfer has stated.

“Oman has a good opportunity to improve its business environment in terms of ease of doing business, developing integrated transport chains that can even better link road, rail and air transport through a world-class port, capable of accepting the largest vessels in the world and to further develop world-class industrial parks and free zones near these maritime gateways” said Fejfer. “By simplifying the business regulatory environment – Oman will attract even more entrepreneurs and capital that will reduce barriers to cross border trade”.

APM Terminals manages and holds a 30% stake in the Port of Salalah, which saw a 30% increase in general cargo in 2014, handling 10.3m tonnes. The port has undertaken a 20-year masterplan to 2030, which will add rail connections to the GCC, liquid bulk storage, a cruise terminal, and food processing and warehousing facilities. Already underway is an expansion of cargo handling capabilities, which will allow the port to handle 20m tonnes of dry bulk and 6m tonnes of liquid cargoes.

By 2028 the Salalah Free Zone will have invested $15bn under its plans, which include chemical and materials processing, manufacturing and assembly, and logistics and distribution. Phase one of the plan, which is due to be completed by 2018, includes a caustic soda facility and an LPG plant.