Asyad Group integrates Oman Shipping, Oman Drydock
To cement Oman’s logistics competitiveness across the global markets, Asyad Group has announced the integration of Oman Shipping Company (OSC) and Oman Drydock Company (ODC).
The integration of both logistics sector companies is in alignment with the group’s strategy to offer integrated and highly efficient services.
The integration further connects the sultanate’s shipping services in a comprehensive marine offering, which meets Asyad Group’s aspirations of providing global markets with end-to-end logistics solutions. This is part of Asyad Group’s strategic plan to elevate group-wide operational efficiency and consolidate complementing business activities.
These actions follow similar steps executed previously by the group, such as the consolidation of Oman National Transport Co and the National Ferries Co to standardise and unify the public transport services. Additionally, Asyad Group also merged Duqm Development Co into Oman Drydock Co to lower operational costs and accelerate business activities. Asyad Group recently transferred the business activities of Oman Logistics Co to a private company as the master developer of Khazaen Economic City.
Eng Abdulrahman bin Salim al Hatmi, CEO of Asyad Group, said, “This move towards integration aims to raise the group’s efficiency and boost its economic and financial performance; ensuring its commercial sustainability and agility while contributing to the national economy. We strive to advance the government’s diversification plans- increasing economic prosperity while supporting the private sector in the sultanate.”
Hatmi said that Asyad Group’s main objective is to fortify the sultanate’s position as a logistic gateway to the Middle East and North African markets, placing the group as the first choice for customers requiring globally-proven, integrated and trusted services.
He added that Asyad Group is constantly reviewing its operational, commercial and financial performance to remain adaptive to macro developments and keep pace with industrial trends nationally, regionally and globally.