Volumes handled on Oman's freight transport network are set to enjoy strong growth over the coming years. The sector will benefit not only from a rapidly growing economy, and consumer base, but also from sizeable investment. This will not only benefit the sector directly, through the construction of a new railway line, investment in airports, and new terminals at the country's ports, but will also develop industries heavily reliant on the freight network system. An example of this is Vale's iron ore pelletising plant at Sohar, which generates considerable traffic of dry bulk ships at the port of Sohar.
Headline Industry Data
2015 tonnage throughput at Salalah is forecast to reach 9.39mn tonnes on growth of 7.9%, with growth to average 7.6% to 2019.
2015 total tonnage throughput at Sohar is forecast to reach 59.38mn tonnes, year-on-year (y-o-y) growth of 12.3%. Growth over the medium term to average 11.8%, thanks in part to the transfer of operations from Sultan Qaboos.
2015 air freight volumes forecast to grow by 7.1% and to average 7.4% over the medium term to 2019.
2015 Oman total trade real growth is forecast at 3.9%, and set to average 1.2% to 2019.
Key Industry Trends
Oman Air Plans JV With Freight Operator: Oman's national carrier Oman Air plans to establish a joint venture (JV) with a global freight operator, according to a statement by Oman Air CEO Paul Gregorowitsch on September 28. An announcement about the JV will be made in the next six weeks, stated Gregorowitsch. The key focus of the airline's future strategy will be cargo operations, which are expected to get a boost after the unveiling of the expanded Muscat International Airport.
Solid International Interest Confirms Positive View: The overwhelming response to the prequalification process for Oman's railway first package confirms our positive stance on this infrastructure market. This follows a warm response by international firms to bid for the Quriyat desalination...
The Oman Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.
BMI Research's Oman Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Omani freight transport and logistics industry.
- Benchmark BMI's independent freight transport industry forecasts on Oman to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
- Target business opportunities and risks in the Omani freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Oman.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs, and latest activity).
BMI Industry View
Summary of BMI’s key industry forecasts, views and trend analysis covering freight transport and logistics, regulatory changes, major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major strengths, weaknesses, opportunities and threats within the freight transport sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2008-2012) and forecasts to end-2019 for all key industry and economic indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
- Transport Sector: Total freight carried by road, rail, inland waterways, maritime, air and pipeline (mn tonnes-km/mn tonnes).
- Trade: Exports and imports (USDmn) by category of goods (manufactured goods, food, chemicals etc.); top five import and export trade partners (USDmn); imports/exports to each global region (USDmn)
- Port Data: Throughput (‘000 tonnes) for all major ports in the state.
- Oil Products Prices: Price forecasts for gasoline and aviation fuel (USD/bbl) at all major global energy trading hubs.
- Economic Indicators: Nominal GDP (USDbn); real GDP growth (%); GDP per capita (USD); industrial production (%); unemployment (%)
Details of the freight infrastructure in each state by segment (road, rail, air, water and pipelines). Full analysis of the competitive landscape within each segment.
Industry Trends and Developments
Analysis of the latest projects across the freight transport sector (road, rail, air, sea and logistics) including a market overview which provides an outline of the key elements driving development.
The Freight Transport market reports contain a chapter detailing the political outlook of a given region, examining the domestic politics, long-term outlook and foreign policy, and assessing the impact this could have on freight and transport businesses.
Examines the short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses.
The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.
The Freight Transport reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.