Oman Transport Articles & Analysis

Chapter | Transport from The Report: Oman 2019

Almost three years into its ninth five-year plan for 2016-20, Oman is beginning to reap the rewards of efforts to restructure and expand its transport and logistics sector. The Central Bank of Oman’s latest annual report notes that transport, storage and communications is one of the economy’s best performing categories, with the growth rate reaching 9.6% in 2017. The sector’s expansion is being...

Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.

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As part of a broader strategy to diversify away from the energy sector and capitalise on its position at the centre of various global logistics supply chains, Oman is looking to integrate and expand its road, rail, airport and seaport networks.

 

What recent measures has Oman taken to develop its logistics industry, and how have its performance metrics borne out that development?

 

Ongoing infrastructural and industrial developments at the ports of Duqm, Sohar and Salalah are augmenting investor appeal and increasing competitiveness at each of the three locations. The majority of this is concentrated at Duqm, which is one of the country’s biggest construction projects, with the port still in early development stages....

 

The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel....

 

Almost three years into its ninth five-year plan for 2016-20, Oman is beginning to reap the rewards of efforts to restructure and expand its transport and logistics sector. The Central Bank of Oman’s latest annual report notes that transport, storage and communications is one of the economy’s best performing categories, with the growth rate...

Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.