Oman is fast becoming the logistics hub of the Middle East as it has a strategic position of air, sea and road travel. The government of Oman has invested major growth strategies in improving the logistics operational hold of the country and has invited external investors. The port sector is the most benefited sector in the State of Oman. There are immense opportunities for company formation in Oman as the logistics advantage provide a stronghold for the company’s growth.
The sea advantage:
The main viable ports in Oman are situated in Sohar, which lies in the middle of Muscat and Dubai, and Salalah, which sits on the southern coast of Oman entrenched on the Arabian Sea. Company looking for expansion to Oman can capitalize on this port for ease of sea access.As the Government of Oman is recalibrating the shape of its economy away from hydrocarbons, the trade between Oman and Qatar has increased by 2000% since June 2017 as logistic companies looking for incorporation in Oman are continuing to be attracted to Sohar.
The port of Duqum now is the trending port of Oman, and the opportunities for Company registration in Oman is currently very profitable. The Sohar free zone coupled with the Sohar port has opened up immense opportunities for companies looking for expansion to Oman.
The Port of Salalah has continued to be one of the largest integrated ports in the region and recently jumped 14 places in the Lloyd’s Maritime Intelligence List of the world’s top 100 ports following a 29% increase in activity during 2016. The port of Salalah benefits from its uninhibited site on the southern coast of Oman, joining India and the East with Africa.
The Air advantage:
The Muscat airport is currently receiving fewer visitors annually, but with the new up and running Muscat airport, there is expected to be over 12 million visitors annually. Plans are already happening to steadily increase annual passenger load to 48 million passengers per year so that the Government can fulfill its vision of having Muscat airport among the world’s top 20 airports by 2020.
Following the development of Salalah airport, which can be expanded to accommodate six million passengers annually, links will be enhanced with Duqm, Muscat, and the more extensive GCC. Following the formation of Salam Air in 2016 which is Oman’s first low-cost airline, Oman’s overall air conveyance frame has vastly improved for trades and sightseers alike. This has made company expansion to Oman all the easier.
The road advantage:
Oman is well connected by roads and was recently ranked by the World Economic Forum in the top eighth place and the second place in the GCC which reveals the generous financial assurance the Government has made to achieve and maintain this high-quality road infrastructure. These high-quality roads will help in lessening the travel time and facilitate better logistics between the GCC states. The logistics advantage will help achieve a better profit for investors looking for company registration in Oman.
The rail network:
Oman national railway network is estimated at 2,135 km in length and has been designed to serve mixed freight and passenger traffic linking the essential ports at Sohar, Duqm, and Salalah to the rest of Oman. The areas of Salalah and Duqm are considered to be the dominant areas of progress for the country.
China has been working with Oman to revive the maritime silk route, and this route will benefit China, Central Asia, Persia, Arabia, Africa and Europe. This is known as the One belt initiative,and Oman is the most benefited recipient of this proposal. This project has brightened up the prospects of Oman being the major logistics hub of the Middle East.
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