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Oman invests in ports with eye to becoming Gulf gateway

Oman is betting on strategically located ports and container terminals to expand its logistics sector, hoping to serve as a prime gateway to Gulf markets.
A cargo ship cruises towards the Strait of Hormuz off the shores of Khasab in Oman on Jan. 15, 2011.

“We want to significantly improve the contribution of logistics into our economy. … We are actually building the sector for the next generation. That is our responsibility,” Abdulrahman Al-Hatmi, CEO of Oman’s national logistics group, ASYAD Group, told Al-Monitor.

As Oman crude oil reserves dwindle — they could be depleted in the next 25 to 30 years at 2019 production levels — the country targets five sectors, including logistics, to re-energize its economy and diversify government income — 40% of which currently comes from oil revenues.

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