Bahrain’s personal cargo market 'to grow 20pc'
Manama, April 9, 2013
The personal cargo market, now the fifth largest export segment in Bahrain, is expected to grow by 15-20 per cent year-on-year, on the back of a rise in the number of expatriates having high-paid jobs, said a top official.
"Expatriates comprise nearly 50 per cent of the kingdom's population and with the overall economic climate also improving, commercial shipping activities are set to see an uptick," Pan Gulf Logistics' managing director Mohammed Khalid Ashoor told the Gulf Daily News (GDN), our sister publication.
"We have a major market share and expect to become the market leader by 2015 in respect of new shipping related business," he added.
Pan Gulf Logistics, the logistics arm of Bahrain's Horizon International Group, recently tied up with Ceylon Shipping Lines, a Sri Lankan firm cargo consolidator for personal baggage, thereby expanding its service network.
Sri Lankan Ambassador Anura Rajakaruna was the chief guest on the occasion.
"There are an estimated 20,000 Sri Lankan nationals in Bahrain and we are one of only two providers of personal cargo service to that country," Ashoor said.
"We expect to ship about 15 containers every month and the Sri Lankan market is likely to boost our revenues by around 15-20 per cent,” he added.
"The Philippines is another major market that we are keen to add to our network," said Ashoor, adding that the company was already in talks and a deal was expected to happen within this year. – TradeArabia News Service