Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

Oman's Asyad Group and France's CMA CGM have signed a framework agreement to develop a $400 million multipurpose logistics terminal at the Port of Sohar, aimed at boosting cargo handling capacity and regional trade connectivity. This long-term infrastructure development is expected to enhance Sohar's role as a global trade hub, with no immediate disruption but significant future expansion of port operations.