Industrial/Retail Freight Segment will Continue to Dominate Oman Warehousing Market by the year 2022: Ken Research
• The Sultanate aims to increase the GDP contribution of the logistics industry from RO 1.1 Billion currently to RO 3.3 Billion by 2020 which in turn will increase the demand for warehousing space.
• Rising standard of living of the people of Oman coupled with a significant young population will create huge demand in the country which will create opportunity for the logistics sector in a significant manner.
Oman’s logistics sector is poised to play a major role in the economic future of the company. In an era of low oil prices, 2018 marks the middle of a five-year diversification strategy that build on Oman’s long term vision to shift from an oil based economy towards other sector and logistics sector of which warehousing is an important component, constitute a major part of that strategy. As geographical considerations of shipping directly to consumers become more complex, many IT companies in the country are expanding their management systems and solutions which will allow warehouses to become more flexible in order to meet customer requirements in the future.
The strategic geographical location of Oman overlooking Arabian Sea and Indian Ocean lends it a massive advantage in its quest to become the logistics spearhead of GCC. The Sultanate aims to increase the GDP contribution of the logistics industry from RO 1.1 Billion currently to RO 3.3 Billion by 2020 which in turn will increase the demand for warehousing space. For this the Omani government has made massive investment to develop the three major ports, Sohar, Duqm and Salalah into economic zones supported by major logiitcs infrastructure like airports, industrial zones and connectivity to GCC rail network.
Warehousing facilities plays a vital role in the overall supply chain process. In Oman, the companies operating within this segment were witnessed to adopt a warehouse management system that supports multi-location management, through effective order management, auto-refilling of inventory, auto generate purchase order to supplies and receiving automatic updates against inbound orders. Emerging warehousing technologies such as EDI Communications, drones, Radio Frequency Identification (RFID), cloud storage and usage of robotic technology are further expected to boost the demand for warehousing facilities in Oman.
Analysts at Ken Research in their latest publication - titled “Oman Warehousing Market Outlook to 2022 – By Number of Warehouses (Muscat and Others); By End User (Food and Beverage, Chemicals, Oil and Gas, Electronics, Agriculture and Others; and By Business Model (Industrial / Retail Freight, Container Freight, Cold Storage, Agriculture and Others); By Regional Landscape and By International and Domestic Companies” believe that resource expansion / diversification, automation in warehousing and appropriate location preferences for setting up a logistics hub will create a positive impact on the market.
Oman warehousing market is expected to register a positive CAGR of 9.5% during the forecast period 2018-2022. The market is further expected to be driven by continuous flow of FDI from foreign multi-nationals and the government’s efforts towards the development of logistics infrastructure and consistent economic growth.
For more information on the research report, refer to below link:
By End User (Food and Beverage, Chemicals, Oil and Gas, Electronics and Others; By Business Model (Industrial / Retail Freight Warehousing, Container Freight Station, Cold Storage, Agriculture Warehousing and Others Warehousing); By Regional Landscape and By domestic and Foreign Companies
Avvashya CCI Logisitcs
Ankur Gupta, Head Marketing & Communications
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial/Retail Freight Segment will Continue to Dominate Oman Warehousing Market by the year 2022: Ken Research here
News-ID: 1893962 • Views: 136
More Releases from Ken Research
Greenfield and Brownfield Growth in Healthcare establishments Fuelled by Rise in …
The geriatric population is likely to increase to 25.4 Million in FY'2025. This will lead to an increase in demand for diagnosis and treatment of various health ailments like chronic disorders. o The per capita healthcare expenditure will likely grow at a CAGR of 3.8% to a value of USD 1,419.8 Crore in 2025. This will lead to growth in the sales volume
Vietnam Healthcare Market on the Basis of Revenue is expected to Reach USD 18 Bi …
o The total number of public and private hospitals is likely to exceed 1,890 by 2022 as compared to over 1,530 in 2017 as investments in establishing healthcare facilities continues to witness an upward trend. o Rising need for screening of infectious diseases and establishment of hospitals and clinics and up gradation of existing lab services to foster clinical laboratory market. Emphasis on providing quality healthcare services in rural areas and clinical
Vietnam Cold Chain Market is Expected to reach USD 1.8 billion by 2021: Ken Rese …
Vietnam Cold Chain Market by Type (Cold Storage and Cold Transport), by Industries (Meat and Seafood, Pharmaceutical, Fruits and Vegetables, Bakery and Others), by Type of Cold Storage (Rented and Owned), by Demand for Cold Storage by Region (HCM, Hanoi and others), by Type of Cold Storage (Manufacturing Cold Storage, Trading Cold Storage And Bonded Warehouse Cold Storage), by Size of Cold Storage Firms (Small, Medium and Large), by Domestic
US Executive Education Programs Market is Expected to Reach USD 1.17 billion by …
US Executive Education Programs market size (by revenue, by number of enrollments, by number of programs), market segments (by open & customized programs, by type of courses, by universities and by mode of deliveries), US online executive education market, Competitive landscape of major players in the US Executive Education Programs market including Harvard Business School, The Wharton School, MIT Sloan School of Management, Stanford Graduate School of Business, UCLA Anderson
More Releases for Oman
Oman: Country Intelligence Report
"Oman: Country Intelligence Report", a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Oman today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband and mobile markets, as well as a review of key regulatory trends. Total
New subsidiary in the Sultanate of Oman
On 12 December 2017, the newly established subsidiary Lahmeyer and Tractebel Engineering Consultancy LLC in the Sultanate of Oman hosted an inauguration event for its opening. The Joint Venture with the Al-Sulaimi Group will strengthen the local positioning of the international engineering company Tractebel. The inauguration event was attended by the CEOs of many of the companies’ most important customers. “Our inauguration party was a big success as we were able
Oman Crude Oil Refinery Outlook to 2022
ReportsWeb.com published “Crude Oil Refinery Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. "Oman Crude Oil Refinery Outlook to 2022" is a comprehensive report on crude oil refinery industry in Oman. The report also provides details on oil refineries such as name, type, operational status, operator apart
3rd Annual HR Oman Summit Opens in Muscat, Oman
Fleming Gulf's 3rd Annual HR Oman Summit was officially inaugurated on 27th Jan at Intercontinental Muscat, Oman by 'His Excellency AL Sayed Salim Musalam Ali Al-Busaidi, Under-Secretary Of Administrative Development Ministry Of Civil Service, Oman. Aptly themed 'Time For Change- Next Generation HR- Evolution 2.0', the summit hosted over 70 distinguished HR professionals from Oman and other Middle East countries who discussed crucial issues on how to seize new opportunities with value-added
Oman Power Market Outlook to 2014
RNCOS has recently added a new Market Research Report titled, “Oman Power Market Outlook to 2014” to its report gallery. In Oman, the consumption of electricity is rapidly increasing. In the past few years, the power demand has almost doubled due to increased economic and industrial activities. According to our new research report on Oman power market, the electricity demand and supply mechanism is still balanced in the country, and
Oman Banking Sector Analysis
RNCOS has recently added a new Market Research Report titled, “Oman Banking Sector Analysis” to its report gallery. In Oman, sound macro-economic policies, stable financial system, and fine-tuned monetary policy measures have supported the financial sector, which has witnessed high deregulation, strides in the use of technology, and transparency. According to estimations, carried out in our latest research report, banking assets will grow at a compound annual rate of around