Oman is looking to boost investment in its transport and logistics sector, one of five pillars targeted under the country’s Ninth Five-Year Development Plan (2016-20).
Oman Transport
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Increased investments and a targeted approach to joining up Oman’s logistics chain will boost the sultanate’s capacity to move its domestic and export cargoes, as well as strengthen its credentials as a major freight trans-shipment hub.
Economic update | Oman’s rail project on track
5 Mar 2014
Work on Oman’s national rail network – part of a wider system linking all the countries of the GCC – is picking up pace, with advanced planning work now under way and construction set to begin next year.
New investments by maritime services firms based in the port of Duqm could help Oman boost its credentials as a shipping and trade centre, parlaying its position close to major trade routes into profits, though it will have to contend with established rivals in and around the Gulf.
Public transport in Oman has been earmarked for a major funding boost under the 2013 budget, and a planned national rail network is set to receive the lion’s share of the spend. Oman’s $15bn rail network system will provide links between domestic production and logistics hubs, while supporting efforts to open up trade links across the region.
The government is banking on a multi-billon dollar investment programme to create a new transport grid that will serve as the backbone to Muscat’s plans to diversify and expand the economy, bringing the country’s many urban and economic centres closer together.
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