Sunday, 17 Nov 2019 | 20 Rabi Al Awwal 1441
Oman jumps five places in World Bank’s Logistics Performance Index 2018

Oman jumps 5 areas in World Bank’s Logistics Performance Index 2018

The LPI assists nations recognize the challenges and possibilities they face in their trade logistics overall performance and how they can boost overall performance. The biannual LPI report measures nations across the six elements of efficiency of customs and border management clearance, high quality of trade and transport infrastructure, ease of arranging competitively priced shipments, competence and high quality of logistics solutions, capability to track and trace consignments, and the frequency with which shipments attain consignees inside scheduled or anticipated delivery occasions.

H E Dr Ahmed bin Mohammed bin Salim al Futaisi, Minister of Transport and Communications, stated, “Improvement in Oman’s ranking in the Logistics Performance Index 2018 is a correct reflection of the ongoing efforts created by governmental organisations and the logistics neighborhood to implement the National Logistics Strategy and boost Oman’s worldwide competitiveness. This improvement displays Oman’s competitiveness and continued improvement in the logistics sector as we aim to be amongst the best 30 nations in 2020 and the best ten in 2040.

“Key initiatives that have contributed Oman’s enhanced ranking contain establishment of border a single-quit-shops for joint inspections, new guidelines for bonded warehouses, introduction of the Authorised Economic Operator programme, pre-clearance of goods by customs and threat-primarily based import controls. Other initiatives contain preparations to join the International Road Transport Convention, enhancing partnership among public and private sectors via concentrate groups and forums and formation of Oman Logistics Association.

“We have initiated plans for academic and training institutions to meet the growing need for logistics professionals and established logistics training and vocational centres. To further strengthen our logistics capabilities, we have introduced world-class guidelines and systems to make logistics an appealing profession for Omani youth and to attract international investors.”

Information Source: Muscat Daily

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