Ithraa, Oman’s investment promotion and export development agency, signed a memorandum of understanding (MoU) with Oman Global Logistics Group (Asyad), with the aim of strengthening efforts to support the sultanate’s growing logistics sector.

The agreement was signed in order to develop the sultanate’s logistics sector which plays a key role in the country’s economic diversification, said a statement from the company.

The Ithraa-Asyad agreement is committed to promoting Oman as a destination for logistics businesses and the growth and development of the sultanate’s logistics sector, it said.

The deal reflects the desire and commitment of both organisations to share information and know-how, capacity build, and work together to present Oman’s excellent connectivity and dynamic logistics offer to a broader and deeper international audience, it added.

Nasima Al Balushi, director general of investment promotion and export development, Ithraa, said: “During the course of the last year, we have established a closer working relationship with Asyad particularly through our ‘Invest in Oman’ roadshows which are being held in Europe and Asia.”

“Together, we intend to show how Oman can respond to all the requirements of expanding logistics and distribution businesses,” she said.

“We have the infrastructure in place, the transport connections, planning and investment support from government, excellent recruitment and training services from local colleges and the full range of ancillary services from local businesses to support our growing logistics sector,” she added.

“We have one of the Gulf’s best logistics propositions and together we will be taking that message to potential inward investors worldwide,” she concluded.

Nabil Al Bimani, executive director, Asyad, said: “Today, Oman has world-class infrastructure and processes.”

“These achievements did not happen by chance, they are the result of tremendous efforts from various organisations in the public sector and extensive engagement with the private sector,” he added. – TradeArabia News Service