Core Viewpoint - The signing of a framework agreement between the Ministry of Transport, Communications and Information Technology of Oman and Abu Sultan Project Company marks a significant step in the development, management, and operation of the Darqut Port in Dhofar Governorate for a period of three years [1] Group 1: Agreement Details - The agreement allows Abu Sultan Project Company to begin formulating the financial and commercial model for the port's development, aimed at enhancing operational capacity and expanding logistics and trade services [1] - The initial phase will involve completing a feasibility study and detailed design for the port development, followed by negotiations for a long-term concession and operating agreement [1] Group 2: Future Plans - The port is expected to be handed over to the developer within six months, with a comprehensive long-term commercial operating plan to be developed over the next three years [1] - During this period, an economic feasibility study will be conducted, focusing on specific markets such as Yemen and neighboring African markets [1]

Group 1 - Syria has signed a memorandum of understanding with Dubai World valued at $800 million for the development, management, and operation of a multifunctional terminal at the Tartus port [1]