Location places Oman in prime logistics position
Oman is ideally placed to position itself as a logistics hub for the entire region, according to Jan Meijer, CEO of Sohar Industrial Port Company.
In a recent interview, Meijer stressed that Oman has all the ingredients to position itself as a logistics hub for the whole region, thanks to its location advantage and proximity to the GCC countries, Iran, Iraq, and the Indian Subcontinent.
The comments echo a similar statement last year by chairman of Oman Logistics Supply Chain Association, Warith Kharusi, that Omans’ geographical location ideally places it as a regional logistics hub.
“In terms of a strategic geographical area of Oman, it is well placed out in the sea, with a coastline of 1800km. Plus you don’t have the restriction of the bottlenecks found in the Gulf or the Red Sea,” Kharusi said.
The trade between the Sultanate and India in particular, confirms the growing potential of Oman to leverage location to its advantage.
Bilateral trade figures released recently, shows trade between Oman and India has been continuously on the increase over the past three years.
According to the Oman Tribune, in 2008 and 2009, bilateral trade between the two nations stood at around US$2 billion. In 2009 and 2010, it had gone up to $2.5 billion.