Profit Soars at Oman's Port of Salalah

Profit Soars at Oman's Port of Salalah

Oman’s Port of Salalah reported profit in 2012 of 7.1 million rials (about US$18.4 million), a jump of 200 percent compared with 2011’s $6.2 million.

Annual revenue was $149.4 million, increasing 15 percent from $129.4 million in 2011.

The container terminal at the port handled 3.6 million 20-foot-equivalent units in 2012, rising 14 percent from the previous year. The general cargo terminal moved 7.2 million metric tons, increasing 11 percent year-over-year.

The outlook for the company is positive, said Abdul Aziz Bin Ali Shanfari, chairman of the port’s board of directors, in a written statement. The government of Oman has announced the inclusion of the Port of Salalah in the first phase of the design of Oman’s portion of the GCC Railway Network, he added.