- Port Management Program to Strengthen Engagement with Government Stakeholders.
- SOHAR Offers In-Depth Insights into Its Strategic Business Model and Operations.
- Regulatory Knowledge to Enhance Operational Standards in Port Management.
SOHAR Port and Freezone launches its first-of-its-kind Port Management Program; a four-day initiative meant to deepen engagement with the key government stakeholders. The program will offer 30 participants critical insights into SOHAR’s strategic business model, regulatory framework, and key contributions to Oman’s economy and global trade networks, reports SOHAR.
Critical Understanding of SOHAR’s Strategic Model
The Port Management Programme provides a comprehensive overview of SOHAR’s infrastructure, operations, and value propositions. It seeks to foster closer collaboration between stakeholders but aligns efforts towards growth that is sustainable. The participant will get foundational knowledge of the port and free zone sectors, understand their economic significance to Oman, and receive exposure to international best practices on port management.
Regulatory Insights for Enhanced Operational Standards
The program focuses on ensuring regulatory familiarity. Participants will learn about the laws and regulations governing the operations of ports and free zones, which will help maintain compliance with efficient operational standards. This is an important aspect to be ensured for smooth collaboration and practice of best practices within the industry.
Collaborative Business Model for Sustainable Growth
The program also throws light upon SOHAR’s collaborative business model and how different strategies propel sustainable growth and development. This includes exploring how SOHAR is creating tenant and international trade partners to work towards a common objective.
Site visits to key tenants and partners
Major components of the program are the visits to SOHAR’s major tenants: OQ, Hutchison Ports Sohar, Vale Oman, and National University Science and Technology (IMCO). Such visits give hands-on insight into tenant operations and SOHAR’s role in facilitating Oman’s top imports and exports. Key trade items are mineral fuels, vehicles, machinery, and equipment; the country’s top exports are plastics, iron and steel, mineral ores, and fertilizers.
Strengthening Stakeholder Relationships
Speaking on the initiative, Mohammed Al Ismaili, People Manager at SOHAR Port and Freezone, remarked: “We are delighted to launch the Port Management Program which will forge new bonds and deepen understanding among our key collaborators. By sharing strategic insights, we empower our tenants to thrive in their operations while enhancing our collective capacity to uphold best practices. This initiative not only strengthens our relationships with key stakeholders but also supports the overall growth and success of our tenants, fostering an environment of collaboration and shared value.”
SOHAR Contribution to the Economy of Oman
SOHAR Port and Freezone is a significant entity in Oman’s economy since it accounts for about 80% of the country’s import and export trade. The total trade of the port is valued at about USD 43.6 billion, which accounts for approximately 38% of the country’s total trade exchange. This puts SOHAR at the forefront of promoting the country’s trade and economic development.
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Source: SOHAR
