Economic Diversification and Logistics Sector Development—What is in Store for Oman Logistics?
Scope of the report
The research report includes the following segments:
Product scope: Logistics Services
Geographic scope: Oman, MENASA
End-user scope: Manufacturing Companies, Agriculture Companies, Mining Companies, Retail and Wholesale Trade Companies, Construction and Energy Companies, Transportation Equipment Manufacturers and Service Providers
Industry size analysis and forecasts, global and regional trends, and freight analysis have also been provided for logistics services market.
What makes our reports unique?
We provide one of the longest market segmentation chains in this industry.
We conduct detailed market positioning, product positioning, and competitive positioning. Entry strategies, gaps, and opportunities are identified for all the stakeholders.
Comprehensive market analysis for the following sectors:
Pharmaceuticals, medical devices, biotechnology, semiconductor and electronics, energy and power supplies, food and beverages, chemicals, advanced materials, transportation and logistics, industrial automation, and telecom, and IT. We also analyze retailers and super-retailers, technology partners, and research and development (R&D) companies.
Key Questions Answered
What is the size of logistics industry and how long it will continue to grow, and at what rate?
What are the major modes of transportation used for freight movement and which freight mode has grown faster?
What are the key economic and trade factors affecting the logistics services industry?
How is the national logistics development plan expected to contribute to the growth of the industry?
What are the growth opportunities in this industry due to changes in government policies and proposed development plans?
The logistics industry in the Sultanate of Oman is being transformed to overcome infrastructure bottleneck, lack of investment in port handling capacity, poor land transport connectivity with other GCC countries. Oman logistics industry is shifting toward higher growth path due to strong support from the Government on key infrastructure projects to ease congestion and enhance capacity. As a member of the Gulf Cooperation Council, Oman is expected to benefit from alignment of trade policies and customs regulations, integration of national transport infrastructure with regional transportation corridors in the GCC region. Oman’s strategic centralized location in the Arabian Gulf makes it ideal location for conversion into a major transhipment hub for East-West trade route.
Transportation & Logistics segment accounted for around 5 percent of GDP in 2015. Services sector will be the growth engine for the Oman economy, driven by Government focus on logistics, transportation, tourism industries. Among all freight activities in Oman, sea transport is the predominant mode handled by Sohar and Salalah Ports. As part of government plan, Port Sohar has been promoted to handle sea cargo as an alternative to Muscat since 2015. Following major upgradation of port facilities, Sohar port handled nearly 50 million tons of cargo in 2015. Sea freight is expected to grow by 4.8 per cent in 2016, driven by the increasing intra region GCC trade and due to transhipment demand from Asia, Europe, and Africa. The logistics industry in Oman is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.9 per cent between 2015 and 2020.
Some of the key trends identified in the Oman logistics industry are (a) Initiated by the Supreme Council of Planning (SCP), task force has developed the Sultanate of Oman Logistics Strategy 2040 (SOLS 2040) (b) Investments on infrastructure and latest technology for upgrading the ports, airport facilities, new road links with the support of increased government spending (c) High priority is given for the development of national rail network to connect with GCC rail network to improve efficiency and reduce logistics costs (d) Trade with the GCC, Asia, and Europe is likely to remain the major driver for freight forwarding and transportation companies in the region (e) Main exports continue to be mineral fuels, oils distillation by products, while imports comprises of manufacturing goods and agriculture products
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