Ashraf AboArafe
The logistics sector is one of the economic sectors on which the economic diversification strategy of the Sultanate of Oman is based, as the Sultanate possesses unique elements that make it capable of regional and global competition in this promising sector. It also possesses a distinguished geographical location in the heart of the global trade movement, in addition to its implementation of a number of projects Infrastructure such as airports, ports, and roads, where the logistics sector is a tributary sector of the national economy and constitutes an essential resource in the state’s revenues; This is because the logistics sector represents the backbone of global production and distribution operations, so it is a major catalyst for business and investment opportunities.. The presence of an integrated logistic services system of high quality positively affects the pace of economic activity and the diversification of sources of income.
In order to further develop the logistics system, the Asyad Group organized an introductory meeting on investment opportunities in the logistics sectors and aspects of investment paths in them with a number of investors and companies operating in the logistics sector, financing funds and financial institutions in Saudi Arabia.
Such introductory meetings constitute a great opportunity to review the capabilities of the national logistics sector that attract investment, and it also aims to reach more agreements aimed at obtaining more flexibility in the movement of goods, especially to the markets of neighboring countries such as the Kingdom of Saudi Arabia, especially as it is capable of Relying heavily on land transportation, which is linked to the country’s ports and airports.
In addition to this, such meetings are also an opportunity to review a range of investment opportunities, current and future major projects, legislation, regulations and incentives provided by the government agencies regulating free zones, the Special Economic Zone at Duqm and the system of sea and land ports within the framework of the Sultanate of Oman’s 2040 logistics strategy emanating from Oman’s 2040 vision. Asyad Group starts from it, focusing on the business portfolio and its subsidiaries that operate the government’s assets in the logistical aspect, with the importance of successful marketing and good definition of it, especially with the stimulating business environment that the Sultanate possesses in attracting foreign capital.
The meeting was also an opportunity to highlight the opportunities for trade exchange between Saudi Arabia and the Sultanate of Oman and the most important products in the export and import operations between the two countries. It also falls within the framework of the government’s goals towards strengthening economic diversification programs, attracting foreign investments, transferring experiences and exchanging experiences in all sectors, especially the main sectors on which Oman relies in achieving those promising economic goals that will lead the national economy towards achieving comprehensive and sustainable development.
