Dubai PR Network, Online Press Release from Dubai and Middle East
 
Shipping & Logistic(Shipping and Logistic)
Filter PR by
  
SOHAR releases major report on GCC logistics
 
  • SOHAR launches third-party report on logistics by MEED Insight
  • Release at Transtec underscores significance of Saudi market
  • Report covers current state of industry and main growth drivers 

Dubai, UAE, December 7, 2016:  As one of the keynote speakers at Transtec 2016 in Dammam this week, the leading Saudi Arabian logistics conference, Faisal Al Balushi from the commercial management team at SOHAR Port and Freezone launched the latest in a series of third-party reports on themes that are especially relevant for the Omani logistical hub. Prepared by MEED Insight, a Dubai-based market research company, the report covers the 'GCC Logistics Industry 2017” and reviews the state of the industry around the region, the latest trends and drivers for growth, as well as business predictions for the coming years.

That SOHAR used Transtec 2016 to launch its latest report is significant. As the Port continues to grow and new hinterland connections from SOHAR are developing rapidly, Saudi Arabia is an important and growing market. A new highway is due to open soon that will directly connect SOHAR with Riyadh, completely avoiding the congested UAE-Saudi border crossing, and reducing the journey for trucks by 800 kilometres and up to four days. SOHAR sees this new link as a significant win-win scenario for both sides, giving Saudi logistics operators a direct link to the Omani hub and another excellent option for inbound and outbound cargoes to and from the Kingdom.

Mark Geilenkirchen, CEO of SOHAR Port and Freezone, said: 'Oman is concentrating on the logistics and transportation sector through a consolidated and long-term logistics strategy. The plan is to improve soft infrastructure, support mechanisms and national institutions, to catapult the Sultanate into the top ten of the world’s most logistics-friendly economies by 2040. As one of the region’s prime logistical hubs, SOHAR will play a critical role in those plans. We also envisage developing SOHAR Freezone as a hub for innovation in the logistics sector.”

However, the new MEED report is not uncritical. Although the GCC logistics sector as a whole is expected to grow at an average of 6.9% over the next five years, as GCC governments continue to invest heavily, the regional logistics business is still highly fragmented and the MEED research team sees significant room for improvements. This latest MEED report on logistics comes hot on the heels of a report on the Middle East food sector, released recently at Gulfood Manufacturing in Dubai. Like its predecessors, the logistics industry report is sure to become a must-read document for anyone involved in the sector in the Middle East and will soon be available for free download at: soharportandfreezone.com 

Posted by : Dubai PR Network Editorial Team
Viewed 10541 times
PR Category : Shipping and Logistic
Posted on : Wednesday, December 07, 2016  2:33:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : DP World opens advanced logistics center in Peru raising cap...
Next Story : GAC breaks ground on a new contract logistics facility at Du...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Introducing Parfums De La Bastide, an Artisanal Maison de Parfum inspired by Provence. [15439-Views]
Grand Optics Exclusive: MARNI eyewear collection [13658-Views]
Gold Collagen® to Launch in Dubai, May 2017 [11017-Views]
Revolutionary Mineral Based Skincare Brand Launches into the UAE [10181-Views]
Azraq, the world's first refugee camp powered by renewable energy [10065-Views]
LG showcases a future of multiple savings with trendsetting smart homes [9388-Views]
Aab Modest Wear Launches in the UAE [9113-Views]
Kiko Milano Launches Tropic Heat - A Collection Full of Energy, Colour and Vibrancy [8876-Views]
Lexus Unveils All-New LC luxury Coupe to Open a New Chapter in Brand History [8558-Views]
Brand New Flagship ZIPPY store Opens in Dubai Mall Today [7375-Views]
Wella Koleston: Get ready for an Eid celebration that shimmers bright with color! [7137-Views]
Travel in style with these summer essentials from ban.do, Ted Baker, Tatty Devine & Happy ... [6984-Views]
MICHAEL KORS Mens' Accessories [6936-Views]
Esposa Privé's Ramadan Collection Lands in Dubai & Abu Dhabi [6899-Views]
Perfecting the Journey with TUMI 19 Degree Global Campaign [6856-Views]
Stunning New Collections from Jaguar and Land Rover [6777-Views]
Celebrate the Warmth of Ramadan With Graceful Shades from Baume & Mercier [6490-Views]
Exotic Perfume Worth Over AED 608,000 a Bottle Draws Fragrance Buffs at Beautyworld Middle... [6436-Views]
EUROSTAR Group expands its beauty and personal care product portfolio [6314-Views]
LG Electronics Announces Google Home Compatible Appliances [6228-Views]
Sony Mobile Xperia XZ Premium available for pre-order online and in stores in UAE [6039-Views]
Siemens partners with SACGC to boost industrial technology skills in Kuwait [5941-Views]
Bubble 42 Juliette Jourdain - The Girl with the Pearl Bubble [5929-Views]
Carl F. Bucherer Manero PowerReserve [5764-Views]
Dubai Chamber announces winners of Dubai Smartpreneur Competition [5746-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories