05 September 2016
Muscat - Salalah Port Services, which operates and manages the nation's transshipment and logistics hub at Raysut on the Indian Ocean, has announced that the government's 20.085 per cent stake in the company has been transferred to Oman Global Logistics Group SAOC, a holding company fully owned by the Ministry of Finance. The operator made the announcement in a filing to the Capital Market Authority (CMA) yesterday. Oman Global Logistics Group (OGL) was set up in June as a holding company to invest in ports, free zones, railway, maritime and land transport companies. As the government's logistics development arm, the group's primary remit is to generate optimum returns to the government on investments in this sector. OGL's mandate is to implement the National Logistics Strategy 2040, which is designed to activate the potential of the private sector in nurturing logistics through joint investments and innovation, as well as developing national capacity in order the unleash employment opportunities.
Muscat - Salalah Port Services, which operates and manages the nation's transshipment and logistics hub at Raysut on the Indian Ocean, has announced that the government's 20.085 per cent stake in the company has been transferred to Oman Global Logistics Group SAOC, a holding company fully owned by the Ministry of Finance. The operator made the announcement in a filing to the Capital Market Authority (CMA) yesterday. Oman Global Logistics Group (OGL) was set up in June as a holding company to invest in ports, free zones, railway, maritime and land transport companies. As the government's logistics development arm, the group's primary remit is to generate optimum returns to the government on investments in this sector. OGL's mandate is to implement the National Logistics Strategy 2040, which is designed to activate the potential of the private sector in nurturing logistics through joint investments and innovation, as well as developing national capacity in order the unleash employment opportunities.
© Oman Daily Observer 2016
