The report includes Oman logistics, freight forwarding, warehousing, cold chain, third party logistics, express delivery market size in terms of value, segmentation on the basis of service mix (freight forwarding market, warehousing market and value added services) and by type of industries (oil & gas, engineering equipment, food & beverages, metals, automotive and others). The report also covers value chain analysis for logistics market, comparative analysis of Oman logistics market with other GCC logistics market, trends and developments, issues and challenges, industry norms and regulations and recent developments in the market. The report also covers the competitive landscape of the industry and comprehensive profile of major players (Agility, KGL, Mubarrad Transport, Globe Express Services, DHL, Al-Rashed International Shipping Co, Aramex) operating in the market. The report includes future outlook and projections of the Oman logistics market, freight forwarding market, cold chain market, warehousing market, 3PL market and express delivery logistics market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report.
Ken Research in its latest study, Oman Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, by Cold Chain Logistics, by Express Delivery and by Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) – Outlook to 2022, suggests that demand for logistics in the country will grow at a stable growth rate owing to development of logistics park by the Government backed up with growth in manufacturing sectors.
- Oman’s geographical location, excellent infrastructure, as well as stable political climate are the key drivers which have contributed to the growth of logistics sector in the country.
- Government initiatives such as USD 50 billion in infrastructure projects over the next 15 years till 2028 and others will benefit the overall logistics industry of the country.
The logistics sector is one of the major non-oil dependent segments of the economy which contributes a very substantial part to the Gross Domestic Product (GDP) of the Sultanate of Oman. 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 transshipment hub for East-West trade route which has aided the overall growth of logistics industry of the country. The Oman Logistics Plan 2020 and the Oman Logistics Strategy (SOLS) 2040 plan to improve the country’s soft infrastructure, particularly the regulatory environment, support mechanisms, and institution will majorly contribute to the growth of logistics sector in the country.
The services sector will be the growth booster for Oman’s economy, driven by a country’s focus on logistics, transportation, and tourism industries. Amongst all freight activities in Oman, sea transport is the predominant mode which has accounted for more than 80% of freight in Oman handled by Sohar and Salalah Ports during 2017. As international trade gains momentum with the expansion of cargo handling capacities in major airports, Oman is likely to witness a steady upward growth in air freight in upcoming years. Express delivery logistics has been increasingly gaining prominence in the country on account of increasing demand for cold chain logistics backed with growing e-commerce in the country.
Rising Import and Export of Goods in Oman, growing air transport freight and increasing number of enterprises in transportation industry are some other key factors that may have positive impact on the market, according to the Analyst at Ken Research.
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