Oman will not extend Port of Salalah concessions beyond 2028

what happened

Oman's government has decided not to renew the existing concession agreements held by Salalah Port Services Company (SPSC) for operating the container and general cargo terminals at the Port of Salalah. The agreements expire on 1 November 2028. Reuters reports this based on a stock exchange disclosure SPSC issued on 18 October 2026, saying it had received formal notice from Oman's Ministry of Transport, Communications and Information Technology.

According to the company, the decision is final and unconditional. SPSC's board will assess the implications and engage with stakeholders, and it said it would disclose any material developments as required by regulators. SPSC was granted a 30-year concession in 1998. APM Terminals, part of the A.P. Moller-Maersk Group, holds 30% of the company, while Oman, through Asyad Group, owns 20%.

why it matters

For markets this is mainly a story about one operator and its shareholders, though Maersk's involvement through APM Terminals adds interest. According to the company, the port's container terminal handled 4.3 million TEUs in 2025, up 31%, while general cargo reached a record 26.4 million tonnes, up 17%. Uncertainty over the terminals after 2028 could affect regional logistics planning.

market impact

Maersk and regional logistics: uncertainty over Salalah terminals after 2028

instruments