Panalpina will establish a presence in Oman to support the country’s large infrastructure projects.
Panalpina Oman expects to open an office in Muscat by the end of the third quarter of 2019.
The Switzerland-headquartered freight forwarder said it has completed the registration of Panalpina Oman with a minority shareholding partner, Daoud Group.
According to Panalpina, a growing number of large infrastructure projects is driving growth in Oman and, as a transhipment hub for Qatar, the country is fast becoming a business hotspot within the Middle East region.
Charles Francis, Panalpina’s country manager for Qatar, Kuwait and Oman, explained: “Oman has become a pivotal geographical location for cargo flows to and from Qatar. Unlike some of the Gulf Cooperation Council (GCC) countries, Oman has not introduced economic sanctions and its trade with Qatar has increased by more than three times since the embargo started two years ago.”
The company will leverage its expertise in handling large-scale and complex major moves for energy and capital infrastructure projects and offer airfreight, ocean freight and Customs clearance services.