Muscat, The Sultanate has jumped 5 notches

at the International Logistics Performance Index (LPI) to be ranked 43rd

at the global level in 2018 compared to being 48th in 2016, according

to the World Bank’s Report

Dr. Ahmed bin Mohammed al-Futaisi, Minister of Transport and

Communications described this progress in the index as “important”

which is a translation of the sincere efforts made by the different public

organisations and the logistics sector to implement the national logistic

strategy and promote the Sultanate’s competitiveness on the world

level.

He said that this ranking proves that the logistics sector is going

towards the right track to achieve broad aspirations of Oman Vision; to

be among the top 30 countries on the world level in the logistics field

by 2020 and one of the top 10 by 2040.

The Minister of Transport and Communications added that the

logistics sector is one of the leading sectors in the economic

diversification as it links other sectors. The success of this sector

enhances the sustainability and resilience of the Sultanate’s economy.

He noted that the Sultanate’s interest in this sector is very evident

starting from drafting the national logistic strategy 2040, the

establishment of Oman Logistics Centre and the establishment of the

Oman Global Logistics Group (ASYAD) in June 2016. This affirms the

promising contribution to attract more investments and improve the

contribution of the non-oil sectors.

It should be noted that the LPI ranking published by the World

Bank is based on the outcomes of the survey carried out by the Bank

on logistics sector professionals to get their feedback on the different

components of the sector.

The report published biannually measures the performance of

the different countries according to six main elements, namely the

efficiency of customs and border management clearance (Customs),

the quality of trade and transport infrastructure (Infrastructure), the

ease of arranging competitively priced shipments (Ease of arranging

shipments, the competence and quality of logistics services�trucking,

forwarding, and customs brokerage (Quality of logistics services), the

ability to track and trace consignments (Tracking and tracing) and the

frequency with which shipments reach consignees within scheduled or

expected delivery times (Timeliness).

Source: Oman News Agency