Oman eyeing 80,000 logistics jobs by 2020
Investments in the Sultanate's hard and soft infrastructure, including ports and freezones, is key for Oman to achieve its employee targets by the end of the decade
Increased investments in Oman's logistics chain are expected to buoy the Sultanate's capacity to move its domestic and export cargoes, and encourage employment in the country's logistics sector.
Oman's newly released blueprint for the logistics industry, the Sultanate of Oman Logistics Strategy (SOLS) 2040, outlines plans to improve the country's soft infrastructure, particularly the regulatory environment, support mechanisms and institutions.
The strategy also commits to investment in hard infrastructure like roads, rail lines and ports.
Oman is expected to capitalise on its location "at the head of the Indian ocean", a report by Oxford Business Group said.
The free zones and ports in Salalah, Sohar, and Duqm, are also likely to benefit Oman's economy.
Oman aims to at least double the level of employment in its logistics sector by the end of the decade.
This would take the total number of employees in the sector to 80,000 jobs, rising to 300,000 by 2040.
The industry's contribution to the economy is expected to be $7.8bn by 2020, and $36.4bn in the next 25 years, the report added.