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.
| Nov 2016 | Exclusive MOU signed between Shoumookh and Suez Capital to design finance build and operate the Port of Sur. |
| Feb 2017 | FGT Consulting appointed as client’s consultant |
| April 2017 | IDOM of Spain awarded the contract to carry out bankable feasibility study. |
| June 2017 | CHEC (China Harbour Engineering) awarded contract to carry out physical surveys, bathymetric studies, deep water surveys. |
| Oct 2017 | Discussions with major operators to operate the Port |
| Dec 2017 | Environmental Impact Assessment started |
| Jan 2018 | Draft Final Report submitted |
| April 2018 | Signature of Concession Agreement |
| June 2018 | Completion of funding round |
| Sept 2018 | Selection of Contractor |
| Nov 2018 | Start of Phase I of the Project |
