Sultanate in top 4 emerging markets of the Arab world
The Sultanate was also ranked third on the Arab level and sixth globally on the infrastructure quality sub index
BASEL: The Sultanate came fourth on the Arab level and 13th on the international level with 5.75 points at the emerging markets index 2018, published by the Basel-based Agility Emerging Markets Logistics Index.
The report pointed out that the Sultanate continues its efforts to develop the local and international transport infrastructure which helped it obtain 6th place on the world level and 3rd on the Arab level at the infrastructure quality sub index.
‘There is optimism about the future of the logistic services sector although there has been a great worry that the mass trends in US and Europe may harm the emerging markets’ economy and trade, the report added.
The index, in its 9th version, surveyed 50 emerging countries on factors that make them attractive to the logistic service providers, shipping companies, marine land transport, air freight companies and distributors.
“In the Gulf, it’s never been easier to start or buy a business, to commercialise a good idea, to find and hire young talent, and to plug into the global economy,” said Elias Monem, CEO of Agility Middle East and Africa.
The business environment, quality of infrastructure and transport network at the leading GCC economies are still among the best in the emerging markets in the world, he added.
The Index surveyed more than 500 logistics industry professionals from the different parts of the world.