Thursday, April 30, 2026 | Dhu al-Qaadah 12, 1447 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

24 investment agreements and 9 initiatives signed

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Key indicators reflecting investor confidence in the transport and logistics sector and its growing attractiveness were unveiled at celebrations marking World Logistics Day on April 30, 2026. The event was held under the auspices of Anwar bin Hilal Al Jabri, Minister of Commerce, Industry and Investment Promotion.


The contribution of the transport and storage sector to GDP reached approximately RO 2.23 billion in 2024, rising to RO 2.35 billion in 2025, representing growth of 5.4%. The sector is targeting RO 3 billion by 2026. Investments in transport and storage stood at RO 2.32 billion in 2024, increasing to RO 3.4 billion in 2025—an approximate 46.6% rise—with a target of RO 3.57 billion by 2026.


Oman’s market share of re-exports has increased by more than 20%, surpassing the initial 2026 target of 14%. The value of re-exports reached RO 1.71 billion in 2024 and is projected to exceed RO 2 billion in 2025.


Eng Abdullah bin Ali Al Busaidi, Director General of Logistics at the Ministry of Transport, Communications and Information Technology, emphasized the sector’s role as a cornerstone of the national economy, highlighting its contribution to cross-sector integration and improved operational efficiency.


The event featured a dialogue session titled “Opportunities and Future Prospects for the Logistics Sector,” providing a platform for stakeholders to share ideas on enhancing investment, localising industry, attracting foreign companies, strengthening local capabilities, and adopting advanced technologies.


To mark the third annual Logistics Day, artwork for the Diamond Jubilee stamp commemorating the first Omani postage stamp issue was unveiled. The year 2026 marks the 60th anniversary of the first issue, celebrated with a special collection of redesigned iconic stamps by artist Mu’ayyad al Fannah.


The ceremony also marked the completion of the merger between O Bunkering and Marafi Services, a strategic milestone expected to enhance local added value and support the sustainability of Oman’s maritime sector in line with Oman Vision 2040.


A total of 24 investment agreements were announced across ports, airports, transportation, warehousing, and smart logistics technologies. These included a RO 3.5 million MoU over five years between Thunder Logistics and RTX Allianz in Uzbekistan to facilitate cargo movement from Uzbekistan to Oman and re-export to GCC countries, Africa, and beyond, leveraging Oman’s ports and free zones.


An Omani-Chinese MoU was also signed to explore cooperation in sustainable mobility and green transport solutions, supporting innovation and economic development.


A joint programme between Mwasalat and Shabk was announced to develop first- and last-mile feeder services, aimed at improving integration with public transport and enhancing user experience.


In addition, an agreement was signed to provide bunkering services at the Port of Duqm, covering a wide range of conventional and alternative marine fuels. Another MoU between Smart Box and GENAC will explore joint commercial cooperation.


Reggy Vermeulen, CEO of the Port of Duqm, highlighted the port’s recent surge in cargo volumes and efforts to clear backlogs efficiently. He also noted the signing of two bunkering agreements with SMEs, underscoring support for SME development and job creation.


An initiative by Transom and Holiday Home Travel and Tourism was launched to enhance accessibility for people with disabilities, offering discounted services, free parking, and assistance.


Asyad Group signed an agreement with OHI Group to deliver integrated logistics services, including door-to-door transport, customs clearance, and supply chain solutions across local and international markets.


Nine initiatives were also announced, including the launch of the ‘GLS’ digital handling platform at Salalah Central Market, and the ‘TAS’ truck scheduling system to improve port efficiency and reduce congestion. Asyad also introduced the ‘Safe Green Corridor’ between Salalah Port and Khazaen Dry Port to facilitate seamless container movement.


Special promotional offers were unveiled during the event. SalamAir, in partnership with World Cargo Solutions, announced shipment discounts of 25% to 50% from May 1 to 7, 2026. Oman Airports extended long-term parking offers, while International Rent Car and Transom Handling introduced discounted service packages.


The ceremony concluded with the announcement of winners of the 2026 Best Practices in the Logistics Sector Awards. Khazaen Central Market secured first place in the Omani Products and Services category, while Innovative Hydrogen Company topped the Net Zero category. Other winners included Al Tasneem Group (Health and Safety), Tabashir Al Ezz International Company (Omanization), and Nafith Logistics (Continuous Improvement and Innovation).


Caption:


The 3rd World Logistics Day celebrations were held under the auspices of Anwar bin Hilal Al Jabri, Minister of Commerce, Industry and Investment Promotion.


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