Port Sur
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Suez Capital’s speciality over the years has been acting as the Master Developer of Sovereign Infrastructure projects. After accumulating almost two decades of experience in Africa, we have stepped into our first investment project through a wholly owned subsidiary, Suez Ports Oman Ltd. In November 2016, Suez Capital Ltd, as the Master Developer and Suez Ports Oman Ltd, as the project development company, signed an MOU with Shumookh, the investment arm of Madayn (the Public Establishment of Industrial Estates), to design, finance, build and operate the Port of Sur in Oman. In February 2017, Suez Capital appointed FGT Consulting, the Group’s design and engineering consultancy, as Program and Project Manager, with the scope of delivering the Feasibility Study. In March 2017, FGTC awarded IDOM (a Spanish prime engineering company) and CHEC (China Harbour Engineering Company) a contract to prepare a Bankable Feasibility Study and a Preliminary Engineering Design for the Port. In December 2018, the Feasibility Study was delivered to the Omani Government. In October 2020, the Minister of Transport, Communication & Information Technology issued a no-objection letter for the development of the port of Sur, including it on the list of strategic infrastructure developments of the Sultanate. In the meantime, the Environmental Impact Assessment is underway, and final approval is envisaged by the end of 2025.
Services
Master Developer and Investor
Client
Government of Oman
Sector
Maritime
Timeline
5 Years
The new port will be a multifunctional terminal hub, dimensioned for a growing share of container and general cargo import/export, and will become one of the major gateways of Oman. In phase one, the port capacity will be 1,5M TEU per year, with an additional 150,000 Ro-Ro units and 24M tons of dry and breakbulk, provided with 2,350m of quayside length and 66ha of storage area. The expected cost of phase one is 1,8B USD, and the duration of the design and construction stages is 3 years. The project is planned for 4 construction phases over 30 years, and the final capacity will reach 4,5M TEU, 700,000 Ro-Ro units, and 32M tons of bulk, with 5,000m of quayside length and over 120 ha of storage area, for a total cost of 3,5B USD.