Total consolidated revenue rose 64% to Dh148.1 million
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.
Total consolidated revenue rose 64% to Dh148.1 million
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