openPR Logo
Press release

Oman Freight Forwarding Market is Expected to Register a Positive CAGR of 3.6% during 2018 to 2022: Ken Research

01-10-2020 01:37 PM CET | Logistics & Transport

Press release from: Ken Research

Oman Freight Forwarding Market is Expected to Register

• The Sultanate has been aiming to grow the contribution of logistics sector to the GDP from current RO 1.1 billion to RO 3.3 Billion
• Sea is by far the most popular medium for moving freight within the country however, with increasing trade among GCC countries and integration of regional economies, road freight will capture significant share in the future.

The Oman government aims to position the Sultanate as a vital logistics center by 2040 under SOLS 2040 for its strategic logistics positions such as Duqm, Sohar, Salalah, and Muscat, high quality infrastructure, competitiveness and qualified human resources in this sector. The large-scale logistics development project in the country launched by the government will harmonize free zone ports, railways, maritime transport and road transport infrastructure as part of the development of a logistics-based economy that will play a major role in creating significant growth opportunities to increase the sector's contribution in GDP.

Sea freight has the major share of Omani freight market, however, with the rising level of trade among the GCC nations, major emphasis has been placed on developing rail and road network that will increase the efficiency of logistics and reduce the cost. Efforts are on going to connect the three major economic gateways at Sohar, Duqm and Salalah with GCC rail network. Oman Rail is studying plans for a 375km train line to transport minerals between the Shweimiyah area in Dhofar Governorate and Port Duqm. The country exports significant amount of Mineral fuels and derivatives, Vehicles Parts and Accessories, Organic chemicals, Aluminum and articles, Fertilizers, Iron and steel to other countries and imports machinery and mechanical appliances, vehicles- parts and accessories, mineral fuels and derivatives, electrical machinery and equipment and parts, articles of iron or steel, natural or cultured stones and metals etc. from other countries, thus creating a positive impact on Oman freight forwarding market.

Analysts at Ken Research in their latest publication “Oman Freight Forwarding Market Outlook to 2022 – By Freight Movement (Sea, Road, Air and Rail Freight); By Normal and Express Delivery; By International and Domestic Freight; By International Flow Corridors (Asian Countries, NAFTA Countries, European Countries and Others)” believe that increasing the number of channel points, strengthening infrastructure connections, improving service quality in terms of training the personnel and promoting railways for freight transportation will have a positive impact on market.

Oman freight forwarding market is expected to register a positive CAGR of 3.6% during the forecast period 2018-2022. The recent improvement in the ease of doing business ranking of Oman will facilitate more FDI into the country and companies will be looking to gain advantage of its rapidly developing logistics infrastructure to gain market share in GCC region.

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/oman-freight-forwarding-market/149658-100.html

Products Covered:
Oman freight forwarding market by freight movement (sea freight, road freight, air freight and rail freight), by normal and express delivery, by international and domestic freight forwarding and by flow corridors (Asian Countries, European Countries, America and African Countries, and by international and domestic companies (3PL and Owned)

Companies Covered:
CEVA Logistics, Oman Shipping Company SAOC, Badar Shipping Agencies, Pentagon Freight Services, Sohar Shipping Transport and Trading Agencies, Majan Shipping and Transport Company, Ships Agency and International Logistics, Allied Logistics, Bin Hariz Trad and Cont Company, Muscat International Shipping and Logistics and Others

Related Reports:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/poland-freight-forwarding-market/149480-100.html
Freight forwarding industry has been the largest contributor of revenues to the logistics market in Poland. The freight forwarding market has witnessed double digit growth during 2012-2017.

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-freight-forwarding-market/145654-100.html
Logistics demand from import & export activities is expected to boost with several Free Trade Agreements (FTAs) for instance, EU-Vietnam FTA. Road is by far the most popular medium for moving freight within the country and will continue to grow in future.

https://www.kenresearch.ae/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-logistics-market-report/77655-100.html
Saudi Arabia cold chain market has grown at a substantial CAGR from 2010-2015. This growth was due to the increasing contribution from the fruits and vegetables production which grew at a healthy growth rate.

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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:

Copy
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 Oman Freight Forwarding Market is Expected to Register a Positive CAGR of 3.6% during 2018 to 2022: Ken Research here

News-ID: 1894017 • Views: 255

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

All 5 Releases


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