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...
Strategically situated at the head of the Indian Ocean and bordering Saudi Arabia and the UAE, Oman 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. Transport and logistics has emerged in recent years as a pillar of the sultanate’s development and a critical driver of its economy,...
Despite ongoing economic pressures associated with the drop in oil prices, Oman’s diversification strategy and efforts to enhance wider revenue streams are beginning to bear fruit, as witnessed by continued growth in the non-oil sector despite dropping incomes and wider regional instability.
Oman is looking to boost investment in its transport and logistics sector, one of five pillars targeted under the country’s Ninth Five-Year Development Plan (2016-20).
According to recent industry reports, GCC states are in the process of adding some 17m twenty-foot equivalent units (TEUs) of new container capacity to the Arabian Peninsula’s port facilities. While some of this will go towards meeting domestic demand, there is also significant regional competition. Yet this logistics race comes at a time of...
What role is the private sector expected to play in the Logistics Vision 2040, and how is the government developing strategies to encourage this?
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