Al Madina Logistics to invest in new inland ports
Al Madina Logistics Company says it plans to invest in new ‘inland ports’ and warehouses in various governorates of Oman.
Major General Hassan Ihsan Naseeb, chairman of Al Madina Logistics Company, told the Oman Daily Observer that the government’s focus on developing the logistics sector, along with the associated infrastructure, has created demand from private sector investment.
Naseeb is also chairman of Muscat Container Terminal, one of the primary trade gateways of Oman.
Logistics companies play a pivotal role in increasing investments and assets to keep up with the aspirations of the government to increase the sector’s contribution to competitiveness, facilitate trade and create additional job opportunities, he added.
Mahmoud Sakhi al Baloushi, CEO of Al Madina Logistics and Muscat Container Terminal, said that the government’s interest in supporting the logistics sector as one of the main pillars of economic growth and diversification has led to an increase in the volume of private sector investments.
Al Baloushi further added that the company aims to construct customs warehouses near the Port of Sohar and another in Duqm Port next year, with plans for a similar facility in Salalah in the future.