Suez’s speciality over the years has been in being 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 Ltd.
In Nov 2016, Suez Capital as the master developer and Suez Ports Oman Ltd as the project development company, signed an MOU with Shoumookh the investment arm of PEIE (a Govt. of Oman entity) to design, finance, build and operate the Port of Sur in Oman.
In Feb 2017 Suez Capital appointed FGT consulting, the Group’s design and engineering consultancy to act as master consultants. In March 2017 FGTC awarded a six million USD contract to IDOM of Spain and CHEC (China Harbour) to prepare a detailed bankable feasibility study and master plan for the Port.
At the end of January 2018, the Detailed Bankable Feasibility Study will be presented to the Omani Govt. In the meantime, an Environmental Impact Assessment is separately in progress and a final report is envisaged by the middle of February.
Port of Sur timeline:
Exclusive MOU signed between Shoumookh and Suez Capital to design finance build and operate the Port of Sur.
FGT Consulting appointed as client’s consultant
IDOM of Spain awarded the contract to carry out bankable feasibility study.
CHEC (China Harbour Engineering) awarded contract to carry out physical surveys, bathymetric studies, deep water surveys.
Discussions with major operators to operate the Port
Environmental Impact Assessment started
Draft Final Report submitted
Signature of Concession Agreement
Completion of funding round
Selection of Contractor
Start of Phase I of the Project
The Chairman Emeritus of Suez Holdings Ltd, Mr Shiv Shankaran Nair, met with the Chairman of China Harbour Engineering Company(CHEC), Mr Linn Yichong. CHEC is one of the world’s largest EPC contractors. Chairman Lin expressed CHEC’s interest in investing in and constructing the Port of Sur in Oman. Suez Capital Ltd was given the exclusive mandate by the Government of Oman to design, finance, build and operate the Port of Sur on a concession basis.
Click here for Presentation on the Port of Sur