The Indian operator recently incorporated Indian Ocean Gateway Terminal in Oman shortly after the current operator confirmed its concession ends on November 1, 2028. Market watchers view the timing as evidence that a deal to operate the Port of Salalah is nearing completion. However, APSEZ Chief Executive Ashwani Gupta clarified during an earnings call that the corporate registration does not represent a definitive transaction. Currently, the logistics company is evaluating over 20 overseas assets that satisfy strict metrics regarding growth, geopolitics, and projected investment returns.
Key points
Incorporating a new local entity in Oman has fueled expectations that APSEZ will secure t…: Incorporating a new local entity in Oman has fueled expectations that APSEZ will secure the upcoming operating rights for Salalah Port.
Company leadership stressed that establishing an Omani subsidiary does not confirm that a…: Company leadership stressed that establishing an Omani subsidiary does not confirm that an asset acquisition has been officially finalized.
APSEZ continues to screen more than 20 global assets against rigorous revenue, profit, fu…: APSEZ continues to screen more than 20 global assets against rigorous revenue, profit, funding, and geopolitical stability standards.
Sources checked by our analysis pipeline: 1
That a deal was possibly on the horizon was hidden in an October 22 regulatory filing, where India's biggest private port operator said it incorporated a company, Indian Ocean Gateway Terminal, in the Sultanate of Oman a day earlier.
Also Read: Adani Ports makes $3.3 billion play for Evos Terminals
The regulatory filing did not mention anything about the Port of Salalah. But a disclosure days earlier by the current operator of the Salalah Port, that its existing concession agreements ending in two years would not be extended, lends credence to APSEZ's potential involvement in running the port, said port industry insiders.
At APSEZ's earnings call on Wednesday, chief executive Ashwani Gupta said the company was evaluating more than 20 overseas assets for potential acquisition. But floating a unit in Oman did not mean a decision was made to acquire an asset there, he said.
The Oman government could not be reached for comment.
Industry insiders said it would be hard to believe APSEZ's move to float a unit in Oman just like that unless there was something concrete happening.…
Retrenchments remained concentrated within outward-oriented sectors during the period, reaching their highest point since late 2020. At the same time, employer sentiment weakened as a higher share of firms reported plans to downsize in the coming months. These growing job cuts and corporate intentions signal emerging vulnerabilities across select segments of the economy.
Singapore's property market is preparing for an influx of roughly 16,800 new residences spread across more than 30 upcoming developments. The wave of inventory will shift greater bargaining leverage toward prospective buyers while dampening secondary market transaction activity. Consequently, resale condominium owners face elevated competition as suburban projects and executive condominiums court demand from public housing upgraders.
The dairy company achieved record quarterly gross profit and operational revenue driven by operational efficiencies, debt repayments, and surging demand for value-added dairy categories. Market share gains followed regulatory interventions against unorganised players, which insulated business lines from broader agricultural inflation and El Nino disruptions. Management expects upcoming festival purchases and expanded distribution to sustain this earnings trajectory.