The Sultanate of Oman is a high-income economy and needs to ensure the continued affluence of a growing and very young population – around 50 percent of which is between 20 and 40 years old. So, to diversify, the government is now looking to use the country’s strategic location and bring logistics into play as one of the key sectors supporting the national economy. Following the launch of its 2040 Logistics Strategy (SOLS 2040), the Omani government established Asyad in 2016, with the mandate to act as a holding company that implements the national logistics strategy and manages Oman’s investments in ports, rail, maritime and land transport, as well as free zones. In addition, its role is to activate the private sector in any future developments.
Asyad Group CEO Abdulrahman Al Hatmi is looking to drive the 2040 Logistics Strategy forward and enable the logistics sector to become major source of national income, thereby enabling the Sultanate to position itself on the international logistics map.
“We are fully determined to greatly strengthen Oman’s role as a logistics hub in the next 3-5 years,” says Al Hatmi. “We are looking at moving ahead by using our strategic location, combined with state-of-the-art facilities and services, such as three logistics corridors around our ports at Salalah, Duqum and Sohar that combine sea, road and air transport plus free zones, thus enabling us to offer multi-modal capabilities both by the Gulf of Oman and the Arabian Sea.”
“Over the past three years, the Sultanate has made great strides strengthening the logistics sector infrastructure, with five four-kilometer-long runways at the airports in Muscat, Salalah, Sohar, Duqm and Ras Al Hadd, in addition to work on the passenger and cargo terminals at Muscat and Salalah airports being completed,” says Al Hatmi, who also clearly recognizes the importance of trade facilitations in terms of the laws governing transportation and goods movement to ensure seamless and speedy movement of goods to and from the Sultanate.