SIPC is a 50:50 joint venture (JV) between the government and Rotterdam Municipal Port Managementof the Netherlands. The company signed in July the JV agreement to manage the port. The Port of Sohar, which is approaching completion, will serve as the sultanate’s major industrial port. The first commercial vessels are expected to dock this year. The port will serve the burgeoning petrochemicals and industrial schemes that are planned for the area (Oman, MEED Special Report, 26:4:02, pages 35-36).