Advario Secures $100 Million Credit to Fuel Growth of Liquid Logistics in Oman
Advario, a prominent player in liquid logistics, has secured a significant $100 million credit facility to strengthen and expand its operations in Oman. The facility, finalized through a collaboration with a consortium of banks, will enable the company to meet its capital financing needs and support future growth plans, according to key executives.
This financial boost marks a major milestone in the company’s mission to provide reliable bulk liquid logistics services across Oman. The credit will not only strengthen Advario’s current infrastructure but also help in the development of new capabilities that will benefit a wide range of clients, from private enterprises to public sector partners.
A Strategic Move for Future Growth
Advario Terminals, known for its efficient bulk liquid storage solutions, operates a major terminal in Sohar Port, a key hub in Oman. With this credit facility, the company plans to enhance its services, positioning itself to better meet the growing demand for liquid logistics in the region. Hazza al Raisi, Finance Director at Advario, expressed confidence that this partnership with local and international lenders demonstrates the company’s robust business fundamentals and solid future prospects.
Mark Geilenkirchen, Vice President of Growth for the Middle East at Advario, emphasized that the funding represents more than just financial support. “This deal underscores the trust and confidence that the financial institutions have in Advario Oman and our long-term vision,” he remarked. This partnership is a strategic move that not only boosts the company’s financial standing but also reaffirms its commitment to creating value for all stakeholders involved.
Impact on Oman’s Logistics Sector
The liquid logistics sector in Oman plays a crucial role in transporting vital chemicals, oils, and other bulk liquids, and Advario’s expansion plans are expected to drive industry growth. The company’s decision to secure a credit facility reflects the confidence in the country’s infrastructure and regulatory environment, which has been improving rapidly over recent years.
As Oman’s economy continues to diversify, sectors like logistics are gaining increasing importance. The demand for efficient, reliable logistics services is expected to rise significantly in the coming years. Advario’s expansion aims to meet this demand by providing top-tier storage and distribution services for both regional and global clients.
A Win for Oman’s Public and Private Sector
This deal has broader implications beyond Advario’s growth. It highlights the importance of partnerships between public and private sectors, as the country moves towards boosting its logistics capabilities. Oman’s commitment to enhancing infrastructure and improving financial markets is clearly reflected in this deal, which aligns with the country’s Vision 2040 initiatives to diversify the economy and create sustainable growth.
Through this financing, Advario will continue to play a key role in supporting Oman’s goal of becoming a logistics and transportation hub in the region. Moreover, this financing package will also contribute to job creation and skill development, as the company plans to expand its operations and workforce in the region.
Looking Ahead
The success of this credit facility paves the way for a promising future for Advario in Oman. The company is poised to continue delivering efficient and sustainable bulk liquid logistics services while expanding its footprint in the Middle East. With Oman’s strategic location, well-established infrastructure, and growing economy, Advario is well-positioned to capitalize on the growing demand for liquid logistics services in the region.
This deal is a clear reflection of the company’s ambitions and its ongoing commitment to becoming a leader in the logistics industry. With the credit in hand, Advario is set to embark on a new chapter of growth, one that will benefit not just the company, but Oman’s logistics sector and economy as a whole.
To read more click here Gulf magazine
for more information click here
