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Transport and logistics in Oman to grow
Oman’s nascent transportation and logistics market will witness steady growth over the next five to seven years due to planned investments in logistics infrastructure and industrial development in the country.
Widespread opportunities for integrated logistics service providers that offer end-to-end logistics solutions will arise in certain industries such as chemicals.
New analysis from Frost & Sullivan finds that the market earned revenues of $7.87 billion in 2013 and estimates this to reach $12.02 billion in 2017. Being a highly import-dependent economy, Oman will be particularly attractive for logistics providers that have a significant presence in the global freight forwarding business.
“Oman’s strong transportation and logistics requirements stem from its centralised location in the Arabian Gulf, which makes it a trans-shipment centre and an ideal gateway for goods moving to the interior parts of Saudi Arabia, the UAE and Yemen,” said Frost & Sullivan Automotive and Transportation Programme manager Srinath Manda.
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