Oman Shipping Report Q1 2016
BMI View: Throughput growth at Oman's main ports will continue at healthy levels in 2016, as expansionof capacity continues apace. This will strengthen Oman's position as a key transhipment hub as well asmeeting growing demand for the import and export of key drybulk materials. The government's efforts togrow the non-oil based economy as well as shore up infrastructure around the main shipping hubs will alsobenefit trade in the region. The Port of Salalah remains vulnerable to declines in container throughput,although this will be much less marked compared to 2015.
Over the medium term, Oman's shipping industry will continue to grow, with container throughput at thePort of Sohar's seeing particularly strong improvements. The Port of Salalah, which makes up the bulk ofthe country's container activity, will see some improvement in growth figures compared to 2015. With totaltrade growth settling at 2.05% by 2018 and onwards, imports will see the most improvement, while exportswill see only very small growth over the medium term.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook