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Port of Salalah handles record cargo and profits in Q1 2024

The Port of Salalah announced impressive figures for the first half of 2024, handling approximately 1.7 million TEUs and 11.6 million tons of general cargo while securing a net profit of RO 1.57 million.

TAS News Service

info@thearabianstories.com

Saturday, August 10, 2024

Muscat: The Port of Salalah has reported handling around 1.7 million TEUs and 11.6 million tons of general cargo in the first half of 2024, translating into a robust net profit of RO 1,570,000. This performance underscores the port’s growing significance in global trade.

Eng. Mohammed bin Awfit Al Mashani, CEO of Salalah Port Services Company, highlighted the port’s current connections with major international shipping lines and outlined plans to attract additional lines shortly. He stressed the importance of the port’s geographical location and its pivotal role in the region for re-export, which links the continents of Europe, Asia and Africa.

Looking ahead, the port is set to expand its container terminal capacity to 6 million TEUs annually by the first quarter of 2025. Additionally, the recent acquisition of 10 new cranes has increased the port’s total to 27, enhancing its capability to handle a growing cargo volume.

Al Mashani also emphasized the port’s pivotal role in bolstering the local economy in Dhofar Governorate. The high efficiency of the port not only boosts confidence among local businesses but also acts as a magnet for foreign investment in key zones such as the Raysut Industrial Zone, Salalah Free Zone, and Al Mazunah Free Zone.

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