Oman year-on-year growth rate touches 15.4 percent

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Robust supply chains foster economic stability, attract investments and ultimately contribute to improved living standards. (WAM)
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  • The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
  • Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.

Muscat, Oman – Oman’s achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information (NCSI).

The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.

Maritime freight was at the forefront, commanding a significant 54.8 percent share of all inbound goods in 2022.

This highlights the important role by Oman’s port infrastructure in propelling sectoral growth, notably through key players like Sohar Port and Salalah Port.

The aviation sector also took center stage as international flights surged by an impressive 128.2 percent.

This reflects the flourishing air cargo industry and a thriving passenger travel sector, driven by airport expansions and enhanced connectivity.

Roadways witnessed a substantial 23.6 percent increase in new constructions in 2022, further expanding Oman’s extensive network.

This was also evident in a 3.3 percent increase in registered vehicles and a remarkable 29.9 percent of total new driving licenses issued.

Omani logistics has projects lined up like the Oman Logistics Hub and port developments in Salalah and Duqm.

Continuous investments in technology, infrastructure, and skilled personnel are deemed critical to sustaining this momentum and solidifying Oman’s position as a regional logistics powerhouse.

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