Salalah Free Zone is delighted to pledge its support to the development of the new sea-air cargo corridor with Oman Air and the Port of Salalah. We are focused on creating opportunities that promote international business growth and enhance trade routes by providing competitive connectivity and efficient flow of goods and services. This is an important step in supporting the Oman government’s policy of economic growth and diversification, and in realizing our vision of becoming a global logistics hub.
On 25th of October 2011 Salalah Free Zone (SFZ) has announced plans to collaborate with the Sultanate’s flagship carrier, Oman Air and the Port of Salalah in the development and implementation of the Indian Ocean’s first multi-modal logistics hub located on the East to West shipping line.
The ongoing expansion at the Salalah port and international airport, combined with Salalah Free Zone’s established infrastructure and customer-focused value proposition will provide the favourable elements to attract industrial, trade and logistics activities. Everyone in SFZ is committed to collectively work together to attract new foreign investment in Oman.
Salalah Free Zone is one of the top 20 free zones in the Middle East, according to a recent study by the prestigious fDi Magazine, which is part of the Financial Times. We believe it offers many competitive benefits. Key among them is the location – choosing Salalah Free Zone cuts five days off sailing times to free zones located in the Arabian Gulf. A significant advantage is the Port of Salalah, which is only two weeks (in sailing time) from any major port in the world.
SFZ has an established infrastructure and stable regulation framework which is critical to overseas investors. The Government has committed to making the free zone one of the most progressive business destinations globally and it is poised to play an increasingly important role in the Sultanate's economic future as it plans to diversify the national economy beyond oil by spurring the growth of value-added, export-focused industries. To date over $130 million of government funding has been secured for the development and growth of the first phases.
On-going facilities investments in the zone include a new administrative building that will house enclaves for investment and governments units, SME incubators and other facilities such as supermarkets, staff accommodation units, restaurants, transportation, healthcare, entertainment and leisure centers which all contribute to a world-class standard of living.
There are also an array of business friendly incentives available to investors in the zone including 100 percent foreign ownership, zero customs on imports and exports, zero taxes on profits and dividends for 30 years, no tax on personal income, access to a qualified domestic or expat workforce and regionally competitive low cost labor, to name but a few.
A series of infrastructure improvements have also been planned for Salalah with expansion already underway at the airport which will provide for 1 million passengers and 400,000 tons of air cargo. Work is also set to begin on the General Cargo terminal at the Port of Salalah which will see annual capacity increase to 40million tons of Bulk cargo, 5 million tons of liquid cargo, in addition to its existing 6m TEU capacity. In addition, a GCC railway with 2 lines covering 4,000 km is also set to be constructed and road improvements have been made that provide direct highway access to neighboring GCC markets.