SKIL Infrastructure to develop Rs 13,000 cr SEZ in Oman

SKIL Infrastructure to develop Rs 13,000 cr SEZ in Oman
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First Published: Tue, Jul 08 2008. 05 30 PM IST
Updated: Tue, Jul 08 2008. 05 30 PM IST
PTI
Mumbai : SKIL Infrastructure has signed a Memorandum of Understanding with the Oman government to develop a Special Economic Zone there at an investment of Rs13,000 crore.
SKIL plans to set up a multi-product SEZ in Sohar port in Oman. SKIL would have 49% stake in the SEZ while Sohar port and Rotterdam port would have the rest.
“We are setting up a multi-product SEZ in Sohar port in Oman at an investment of Rs13,000 crore-Rs14,000 crore,” Horizon Countrywide Logistics Vice Chairman and Managing Director Ajay Khera told PTI.
Horizon Countrywide Logistics is a subsidiary of SKIL and Khera is looking after the multi-product SEZ.
Sohar Port is located 240 km northwest of Oman’s capital Muscat.
The multi-product SEZ, which would be launched by the end of this year, would be spread over 11,000 acres. This is the second SEZ coming up in Oman, Khera said.
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First Published: Tue, Jul 08 2008. 05 30 PM IST