On June 29, Asyad Group signed a framework agreement with the CMA CGM Group to jointly develop, manage, and operate a new multipurpose logistics terminal in Sohar valued at $400 million.

This collaboration establishes a long-term strategic partnership between the two parties, integrating their respective capabilities and expertise to elevate Oman's ports into vital global trade hubs, enhance operational efficiency, and deliver premium services to regional customers.

The terminal will promote advanced integrated logistics services and supply chain solutions, while also contributing to the strengthening of new regional and international trade corridors, boosting cargo throughput, and consolidating the connectivity of Oman's ports with global shipping networks and major international markets.

Abdulrahman Al Hatmi, CEO of Asyad Group, stated: "This collaboration embodies Asyad Group's vision of building strategic partnerships with major global enterprises, aimed at enhancing the commercial appeal of Oman's ports and maximising the economic value of its assets. It will open new prospects for attracting trade flows and quality investments to the ports and free economic zones, and strengthen Oman's position in global supply chains, thereby supporting the Sultanate's goal of establishing itself as a core hub of international trade and logistics services."

Rodolphe Saadé, Chairman and CEO of CMA CGM, commented: "This partnership with Asyad Group marks an important step in the development of our logistics and port activities in the Gulf region. By developing a new logistics terminal in Sohar, we will strengthen regional connectivity while ensuring reliable inland access to key trade corridors. This will deliver greater resilience and enhanced efficiency to our customers' supply chains. This collaboration also reflects our confidence in Oman's long-term vision and our commitment to reinforcing its role as a strategic gateway connecting the Gulf region with global markets."

Asyad Group operates an integrated logistics ecosystem spanning 76 cities across 24 countries globally, with a fleet of over 100 vessels serving more than 90 destinations and connecting over 200 commercial ports. The Group also manages a number of ports, free zones, and economic zones, with its operations continuing to expand, supporting Oman's consolidation as a hub connecting East and West.

The CMA CGM Group is a leading global provider of sea, land, air, and logistics solutions, operating in 177 countries with 160,000 employees and headquartered in Marseille, France. As the world's third-largest shipping line, the Group operates over 700 vessels serving more than 420 ports, carrying over 24 million TEU in 2025. The Group holds interests in 65 terminals worldwide. Its subsidiary CEVA Logistics ranks among the world's top five logistics enterprises, operating 1,000 warehouses and handling 15 million shipments in 2025. Its air freight division operates a fleet of cargo aircraft under the CMA CGM AIR CARGO and Air Belgium brands.