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As one of the keynote speakers at Transtec 2016 in Dammam, the leading Saudi Arabian logistics conference, Faisal Al Balushi from the commercial management team at Sohar Port and Freezone launched the latest in a series of third-party reports on themes that are especially relevant for the Omani logistical hub. Prepared by MEED Insight, a Dubai-based market research company, the report covers the “GCC Logistics Industry 2017” and reviews the state of the industry around the region, the latest trends and drivers for growth, as well as business predictions for the coming years.
That Sohar used Transtec 2016 to launch its latest report is significant. As the port continues to grow, and new hinterland connections are developed, Saudi Arabia is an important and growing market for the Omani gateway. A new highway is due to open soon that will directly connect Sohar with Riyadh, completely avoiding the congested UAE-Saudi border crossing, and reducing the journey for trucks by 800 kilometres and up to four days. Sohar sees this new link as a significant ‘win-win’ scenario for both sides, giving Saudi logistics operators a direct link to the Omani hub and another option for the port to attract inbound and outbound cargoes to and from the Kingdom.
According to Mark Geilenkirchen, chief executive of Sohar Port and Freezone: “Oman is concentrating on the logistics and transportation sector through a consolidated and long-term logistics strategy. The plan is to improve soft infrastructure, support mechanisms and national institutions, to catapult the Sultanate into the top ten of the world’s most logistics-friendly economies by 2040.”
However, the new MEED report is not uncritical. Although the GCC logistics sector as a whole is expected to grow at an average of 6.9% over the next five years, as GCC governments continue to invest heavily, the regional logistics business is still highly fragmented and the MEED research team sees significant room for improvements. The report will soon be available for free download from: As one of the keynote speakers at Transtec 2016 in Dammam, the leading Saudi Arabian logistics conference, Faisal Al Balushi from the commercial management team at Sohar Port and Freezone launched the latest in a series of third-party reports on themes that are especially relevant for the Omani logistical hub. Prepared by MEED Insight, a Dubai-based market research company, the report covers the “GCC Logistics Industry 2017” and reviews the state of the industry around the region, the latest trends and drivers for growth, as well as business predictions for the coming years.
That Sohar used Transtec 2016 to launch its latest report is significant. As the port continues to grow, and new hinterland connections are developed, Saudi Arabia is an important and growing market for the Omani gateway. A new highway is due to open soon that will directly connect Sohar with Riyadh, completely avoiding the congested UAE-Saudi border crossing, and reducing the journey for trucks by 800 kilometres and up to four days. Sohar sees this new link as a significant ‘win-win’ scenario for both sides, giving Saudi logistics operators a direct link to the Omani hub and another option for the port to attract inbound and outbound cargoes to and from the Kingdom.
According to Mark Geilenkirchen, chief executive of Sohar Port and Freezone: “Oman is concentrating on the logistics and transportation sector through a consolidated and long-term logistics strategy. The plan is to improve soft infrastructure, support mechanisms and national institutions, to catapult the Sultanate into the top ten of the world’s most logistics-friendly economies by 2040.”
However, the new MEED report is not uncritical. Although the GCC logistics sector as a whole is expected to grow at an average of 6.9% over the next five years, as GCC governments continue to invest heavily, the regional logistics business is still highly fragmented and the MEED research team sees significant room for improvements. The report will soon be available for free download from: soharportandfreezone.com
