Oman logistics

News

Oman jumps ranks in global logistics performance

26 Jul 2018 Muscat

Host of the IRU World Congress – the Sultanate of Oman – has skipped up five places to 43rd position in the World Bank’s recently released Logistics Performance Index (LPI) 2018 report. 

Signalling the growing trade potential of the Gulf Cooperation Council region and reflecting the global ambitions of Oman’s logistics sector, the news puts the spotlight on Oman’s forthcoming accession to TIR, trade in the Middle East, and the World Congress agenda.

Dr Ahmed bin Mohammed al Futaisi, Minister of Transport and Communications, said, “The logistics sector plays a significant role in Oman’s economy and is key to increasing foreign investment, diversification into non-oil exports and the nation’s international competitiveness. The Sultanate seeks to position itself as an advanced logistics hub recognised globally.”

This objective is clearly defined in the national logistics strategy led by IRU’s World Congress host, ASYAD, which is overseeing implementation.