FedEx Express announced its expansion in the Gulf Cooperation Council (GCC) countries, transitioning to a direct presence in Oman. The company has been offering its services through a local service provider in Oman since 1993.
Jack Muhs, regional president of FedEx Express Middle East, Indian Subcontinent and Africa said, “We see great potential as Oman continues to evolve into a key logistics powerhouse in the Middle East and beyond. Oman connects the East and West of the GCC region, and in addition to business-friendly conditions, the Sultanate has comprehensive initiatives to integrate its road, airport and port networks.”
In 2018, the Muscat International Airport invested in a new terminal, following the government’s expansion plans in the aviation sector, and according to a recent report by the World Economic Forum, Oman ranks 8th globally in road infrastructure. Additionally, inflows of foreign direct investment and major infrastructure developments are the driving forces for the nation’s sea ports.
This announcement by FedEx Express supports the country’s coordinated efforts and broader strategy to diversify the national economy.
Source: FedEx
