APL Logistics to expand its business in Oman

Oman: APL Logistics Ltd. has setup APL Logistics Oman, a joint venture with Arab Global Logistics LLC. The new entity will focus on developing Oman as a regional logistics hub in order to serve local as well as international customers in East Africa and Middle East. The Muscat-based joint venture company will emphasize on providing customers a comprehensive offering of high-tech and flexible logistics services that can solve day to day complex issues across production and inbound logistics, multi-modal transportation, finished vehicle logistics, order management, consolidation, packaging and customs brokerage.

According to TechSci Research, APL Logistics which is a regional leader for Middle East, Europe and Africa has now chosen Oman for its strategic location, rapid diversification of economic activities and rising consumption along with highly capable workforce and well-established infrastructure the company is compelling growth prospects in Middle East and Oman.

According to a report published by TechSci Research, “Global Cold Chain Market Forecast & Opportunities, 2020”, global cold chain market is expected to grow at a CAGR of over 11% during 2015-20. Currently, global cold chain market is fragmented, with a large number of players operating in the market. However, a number of mergers and acquisitions have been witnessed over the past decade. This trend is expected to continue over the forecast period, owing to which the market is moving towards consolidation in coming years. In terms of revenue contribution, North America captured the largest market share in 2014, and is expected to retain its dominance in global cold chain market over the next five years. Major players operating in the market include AmeriCold Logistics, Lineage Logistics, APL Logistics, Swire Group, Oxford Cold Storage, VersaCold, and Burris Logistics, among others.