oman aims to be top logistics hub
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Oman aims to be top logistics hub

Arab Today, arab today

Arab Today, arab today Oman aims to be top logistics hub

File photo
Muscat - Arab today

 Oman aims to become one of the world's leading centres for transshipment, with the Sultanate's strategic location and heavy investment in developing integrated logistics hubs, aiming to achieve that by the year 2040.

The Oman Global Logistics (OGL) Group has allocated massive resources towards the development of ports, free trade zones and marine services, in cooperation with leading port operators, according to a press statement released by OGL on Sunday, ahead of an even to re-brand the company. 

The company plans to develop spaces for logistical warehouses, in addition to earmarking areas for the setting up of light industries.

“The (Omani) ports will serve as a competitive edge for trade routes for Asia, Indian subcontinent, Europe and Mena markets. It will provide connectivity network that meets the growing demand from more than 3,000 requests to transport to more than 52 port destinations. This will help Oman save time and effort for transit goods,” said the release.

“The Sultanate's location on the main shipping route between the East and West will facilitate access to these markets through a single safe and effective route. The free and economic zones nearby provide a platform through which the company can nurture their businesses and benefit from the trade exchange, tax exemption agreements as well as the free trade agreement between the Sultanate and USA.”

The Sultanate enjoys several competitive advantages, including its strategic location, for distributing goods to Indian Subcontinent and North African countries. The Oman government has made huge investments in the construction of modern roads, ports, airports, free zones and industrial estates to maximise the benefit of such unique location.

Incentives were also provided to enhance the logistic services as well as to raise the Sultanate's ability to attract foreign investment.

The National Logistic Strategy 2040 also aims at raising the contribution of logistics services to the nation's Gross Domestic Product, which is expected to reach OMR14 billion in 2040, in addition to creating 300,000 jobs in the aforementioned sector.

The company seeks to make the Sultanate a logistic hub by developing the domestic market, facilitating businesses, adopting modern technologies and developing human capital. To achieve these aims, the group will revise all logistic processes activities, modernise export and import procedures and enhance the use of the best international practices.

Another major initiative is the development of shipping services through Oman Shipping Company, Oman Rail and Oman Drydock Company - one of the biggest and most advanced ship repair facilities in the Middle East.

The company also focuses on strengthening public services through Oman Post, the National Ferries Company, and Oman's National Transport Company, besides supervising marine training provided by Oman Maritime International College.

The re-branding of OLG provides plenty of insight into Oman's contribution to marine sciences and its distinguished business and trade relations with the old cultures in Iraq, Iran, India, China and Africa, which date back to 4000 BC, when Oman was widely hailed as the gateway to Arabia.
Source: Timesofoman

 

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oman aims to be top logistics hub oman aims to be top logistics hub

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oman aims to be top logistics hub oman aims to be top logistics hub

 



GMT 10:10 2017 Thursday ,09 February

3 Important Elements You Have to Consider

GMT 04:03 2017 Monday ,24 April

Bella Hadid ‘dying’ to visit Palestine

GMT 19:25 2016 Wednesday ,25 May

The Brooklyn Desk by Oeuf NYC

GMT 07:49 2018 Friday ,05 January

2 Russian servicemen killed

GMT 07:58 2018 Monday ,01 January

Italy orders N. Korea's envoy to leave

GMT 08:45 2017 Wednesday ,20 December

US military imagines war without GPS

GMT 17:26 2017 Sunday ,17 December

Putin thanks Trump for help in foiling attack plot

GMT 22:19 2017 Monday ,16 October

Cairo-hosted Fatwa conf. new contribution

GMT 02:27 2016 Friday ,10 June

Video hints Japan abetting illegal ivory trade

GMT 07:04 2017 Wednesday ,19 April

1,883 Bahrainis found jobs in March

GMT 14:24 2016 Tuesday ,22 November

Citi and JPMorgan top list of ‘globally banks’

GMT 21:43 2017 Friday ,01 September

People question Nazaruddin`s repatriation expenses

GMT 09:41 2017 Wednesday ,19 April

OIC concerned over violence in Mali

GMT 01:30 2017 Friday ,27 October

May22/Jun21

GMT 05:38 2016 Friday ,30 December

Dubai Airports divert 13 flights due to heavy fog

GMT 11:38 2017 Saturday ,14 January

Mexico names new ambassador to US

GMT 12:03 2017 Wednesday ,22 March

Kuwait to mark World Water Day

GMT 15:00 2017 Wednesday ,27 September

HM King receives invitation from Egyptian President

GMT 02:45 2017 Tuesday ,05 December

President Bashir arrives in Chad

GMT 02:45 2017 Wednesday ,16 August

Turkmen President Visits Pakistan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday