CMA CGM and Asyad line up $400m multipurpose terminal in Oman

AI Summary

Oman's Asyad Group and French logistics company CMA CGM signed a framework agreement to invest $400 million in developing a new multipurpose logistics terminal in Sohar. The terminal aims to strengthen Oman's regional and international trade corridors.

Oman’s Asyad Group and French liner and logistics giant CMA CGM have signed a framework agreement to develop and operate a new multipurpose logistics terminal in Sohar. The project is expected to involve investment of around $400m and will be aimed at strengthening Oman’s position in regional and international trade corridors. The agreement was signed …