Ithraa inks MoU with Asyad to sup­port lo­gis­tics sec­tor

Oman Daily Observer - - FRONT PAGE - BUSI­NESS RE­PORTER MUS­CAT, NOV 14

The lo­gis­tics sec­tor plays a key role in Oman’s eco­nomic di­ver­si­fi­ca­tion, and in re­sponse to this, Ithraa, Oman’s in­vest­ment pro­mo­tion and ex­port de­vel­op­ment agency, and Asyad the gov­ern­ment com­pany es­tab­lished as the lo­gis­tics in­vest­ment arm and im­ple­ments the na­tional lo­gis­tics strat­egy, signed an MoU on Tues­day de­signed to strengthen ef­forts to sup­port the sul­tanate’s grow­ing lo­gis­tics sec­tor.

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

It 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.

“Dur­ing the course of the last year, we have es­tab­lished a closer work­ing re­la­tion­ship with Asyad par­tic­u­larly through Ithraa’s In­vest in Oman road­shows in Europe and Asia.

To­gether, we in­tend to show how Oman can re­spond to all the re­quire­ments of ex­pand­ing lo­gis­tics and dis­tri­bu­tion busi­nesses,” ex­plained Nasima al Balushi, Ithraa’s Di­rec­tor Gen­eral of In­vest­ment Pro­mo­tion & Ex­port De­vel­op­ment

Ithraa’s Di­rec­tor Gen­eral added: “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. We have one of the Gulf ’s best lo­gis­tics propositions and to­gether we will be tak­ing that mes­sage to po­ten­tial in­ward in­vestors world­wide.”

Na­bil al Bi­mani, Ex­ec­u­tive Di­rec­tor, Asyad ex­plained “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.

In this re­gard, the Asyad-Ithraa MoU rep­re­sents a key piece of the jig­saw in terms of pro­mot­ing Oman’s lo­gis­tics of­fer to in­vestors glob­ally.”

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