A slew of measures planned by authorities will help Oman in projecting itself as the regional logistics hub over the next decade, according the CEO of Asyad Group.
In an interview to Oxford Business Group, which is posted on Asyad’s website, Abdulrahman al Hatmi, said, “Creating efficiencies, offering economies-of-scale and providing integrated solutions across the logistics value chain will be key differentiators for Oman over the next decade.”
Established in 2016 to maximise the financial returns and economic impact of government’s logistics investments, Asyad Group brings together 16 logistics companies and joint ventures under one entity, improving performance, creating efficiencies and offering economies of scale.
Hatmi said, “Oman’s neutral relations with countries is another salient growth factor, and manufacturing businesses benefit from preferential market entry through 40 international trade and investment agreements across Asia, Africa and the Indian sub-continent.”
Giving details about the projects taken by Asyad Group, Hatmi said, the Port of Duqm is crucial to expanding Oman’s integrated logistics offering. He said Duqm is already emerging as one of the GCC’s most competitive and efficient logistics centres.
Hatmi said that Asyad Group is also developing trade partnerships with Central Asian countries such as Uzbekistan to cement Oman’s position as a global centre for agricultural goods.
He explained that Oman’s natural geographic advantages will also play a role. Situated directly on the main east-west trade route, Oman offers fast access to regional and global markets. “This proximity significantly reduces costs and working capital, and instead of travelling through the Strait of Hormuz, vessels that call at Oman’s ports can save up to four days in transit time – reducing fuel costs by up to US$250,000 per trip.”
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