Oman Transport

Displaying 19 - 24 of 72

 

Expanding its seaports is a core part of Oman’s plans for diversification and economic growth. Strategically located on global trade routes between the vast markets of Europe and Asia – and positioned just outside the Strait of Hormuz, a bottleneck for shipping traffic headed into the oil-rich GCC – the country has a strong commercial case to...

Chapter | Transport & Logistics from The Report: Oman 2018

Bolstered by steady investment from a government cognisant of its potential, Oman’s transport and logistics sector has continued to expand even as the impact of lower oil prices continues to be felt. The sector’s real growth rate registered at 1.1% in 2015 after rising 9.4% in 2014, giving it a value of OR1.7bn ($4.4bn), according to the latest available figures from Central Bank of Oman. It...

Oman is stepping up investment in air transport, announcing the arrival of a new fleet of aircraft, routes to North Africa and Europe, and an expansion of existing flight services as part of a strategy to support growth in tourism and logistics.

The effects of lower oil prices continue to be felt in Oman, with budget cuts and spending rationalisation still in evidence across the board. However, higher commodity prices in late 2017 and into early 2018 should provide a welcome boost to state revenues.

 

How is the transport industry currently positioned for expected growth?

 

Strategically situated at the head of the Indian Ocean Oman, which borders Saudi Arabia and the UAE, is a gateway to the GCC region – a re-distribution point and transit hub for shipments to and from Asia, the Indian subcontinent, and East and Central Africa. Transportation and logistics in the sultanate has emerged in recent years as a pillar...

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