SOHAR Freezone Signs Lease Agreement to Manufacture Industrial, Medical Gases Unit

SOHAR Port and Freezone announced the signing of a land lease agreement with Air Care Systems Company (FZC) LLC for the production of industrial and medical gases unit in SOHAR Freezone.

Under the terms of this agreement, Air Care Systems Company is set to manufacture crucial gases, including Liquid Oxygen, Liquid Nitrogen, and Liquid Argon.

The signing ceremony took place in the presence of HH Sayyid Juland bin Jaifar Salim Al Said, Chairman of Pak Oman Investment Company and Imran Chaudry, Ambassador of the Islamic Republic of Pakistan to the Sultanate of Oman, along with executive management of SOHAR Port and Freezone and Air Care Systems Company.

This advanced production unit will be empowered by Air Separation Unit (ASU) technology, ensuring top-tier quality and efficiency with Pak Oman Investment Company the structural and financial advisor for the project.

Covering a land area of 15,000 sqm, this project is a convergence of Chinese and European technologies, backed by a robust $10 million investment. Leveraging natural air as a feedstock, the ASU project manages power and fuel resources strategically for optimal production efficiency. With a target of daily production capacity of 110 tons per day, the project aims to extend its market reach across the GCC, Yemen, and the MENA region, positioning Oman as a key player in the gas manufacturing industry.

Commenting on this agreement, Ahmed Ali Babar, Director of Air Care Systems stated: “Choosing SOHAR Freezone to anchor this project was a strategic decision driven by the unparalleled opportunities it offers to investors. By leveraging the strategic advantages provided by SOHAR Freezone and its proximity to key markets, this signing aligns with our vision to enhance the availability of critical gases locally, benefiting healthcare and industries.”

The primary objective of this project is to cater for the escalating regional demand for industrial and medical gases while simultaneously reinforcing the self-reliance of the healthcare sector. The project aligns with several objectives, including fostering industrial growth, supplying local contractors with essential gases, and promoting technological advancement.

Source: Oman News Agency