Oman Logistics and Warehousing Market is Expected to Reach Around USD 885 Million in 2022: Ken Research

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- The improving customs process will also affect the market in a positive manner

Under the SOLS 2040, the government has developed logistics sector to support the small and mid-sized companies which are involved in freight movement and warehousing business to handle the freight in a better way. In particular, logistics facilities, such as warehouses and container freight stations, are being developed in user-friendly way, as they are being developed along the highways and closer from either ports or manufacturing plants. The connection of major port towns with the industrial centers through the railway is going to provide an alternative means of freight forwarding thus making the industry more competitive in the coming future.

Oman's customs and regulatory practices have been observed to be supportive for the growth of logistics sector. Although Oman's customs procedures are currently being modernized, delays are still common. These have largely been attributed to a number of inefficient, manual customs processes, including cargo inspections that have attracted criticism for lacking in both transparency and consistency. According to a number of leading logistics companies, Oman's customs requirements are not as quick and flexible as those in other GCC countries.

Analysts at Ken Research in their latest publication "Oman Logistics and Warehousing Market Outlook to 2022 - By Freight Forwarding, Express Delivery, Warehousing Services, Cold Storage, Third Party Logistics and Value-Added Services" believe that capacity expansion, government introducing modern warehouses, Tie ups with E-Commerce Players, Introduction of more stringent Regulations will aid the market. FTAs and improved infrastructure in the country will have positive impact on market.

Oman Logistics and Warehousing market is expected to register positive CAGR of around 5% during the period 2017-2022.

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For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/oman-logistics-market-research-report/142300-100.html

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