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APM Terminals' Salalah concession to end at contract expiry in 2028
Salalah Port Service Company said Oman's transport ministry confirmed that existing concession agreements will not be extended beyond their contractual expiry date of 1 November 2028.
Salalah Port Service Company said in a filing to the Muscat Stock Exchange that it had received formal notification from the Ministry of Transport, Communications and Information Technology. According to the company, the notification confirms that the existing concession agreements will not be extended beyond their contractual expiry date of 1 November 2028.
The notice concerns APM Terminals' operating concession at the Omani deepsea transhipment hub of Salalah. The company is facing the prospect of losing control of the facility, according to the publication.
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