|12 February, 2019

Oman Aviation Group enables national economic diversification

A catalyst for growth across industries

  • Muscat alone saw 1.3 mn additional passengers and 215,000 tons more air cargo travel
  • OMR 100mn in economic efficiencies directly delivered through successful initiatives

Muscat Established in 2018 to develop the Sultanate’s aviation sector, Oman Aviation Group is playing a critical role in advancing the economy, tapping into an industry valued at USD 821 bn globally in 2018. In one year alone, Oman Aviation Group created more than 980 direct Omani jobs and contributed to supporting nearly 8,000 indirect jobs within the Sultanate. These jobs support an industry that saw more than 1.3 mn additional passengers and 215,000 tons more air cargo travel through Muscat alone. In addition, more than OMR 100 mn in economic efficiencies were directly enabled and delivered with the implementation of various initiatives including Oman Air’s transformation strategy. The company has made significant strides towards its 2030 goals, exceeding many targets including the ranking of Muscat International Airport as one of the top 18 airports around the world.

Mustafa Al Hinai, CEO of Oman Aviation Group said, “As Oman’s aviation sector developer, we create a robust value chain linking aviation, tourism and logistics across the Sultanate. Our Group is a catalyst for growth, creating efficiencies, boosting revenues and increasing trade. We work to position Oman as a strategic hub and a world-class destination amongst international travelers. Ultimately, we are tasked with furthering economic expansion and unlocking the connectivity potential within the sector including the OMR 890mn contribution to GDP and the 40mn passengers expected to flow through Oman by 2030.”

Oman Aviation Group continues to contributes to the growth of Oman’s transportation sector through a variety of avenues including the spectacular opening of the new Muscat and Duqm airports and two new air cargo terminals. The organization is maintaining a steadfast focus on bridging airlines, airports and aviation services together, positioning itself as leader within an integrated aviation sector across the MENA region.

Today, Oman Aviation Group is instrumental in continuing to empower growth as well as developing a number of both economic and social benefits. Going beyond simple connectivity, the Group facilitates other sectors through an ecosystem of services and as a result continues to make a significant contribution by effectively and efficiently conducting and managing government investments in infrastructures and services across the civil aviation sector. At the same time, it is also developing Oman as a hub for businesses and logistics through its global transportation network, in addition to positioning the country itself as a world-class destination for travelers from across the globe.

The Group has also partnered with tourism and logistics’ businesses around the country to drive holistic development of the Sultanate’s tourism and transport industries. Aligning aviation strategies and companies within the tourism industry, the Group remains on track to achieve the National Tourism Strategy targets. The organization is also in the developmental stages of creating ‘airport cities’ which are essentially tax-free zones within proximity of airports in Oman. These developments are aimed to promote growth, enhance foreign investment, boost revenues and increase trade.

Connecting people, cultures, and businesses around the world, Oman Aviation Group is part of a national economic framework that interconnects logistics, tourism, aviation and government entities. The organization is dynamically engaged in developing an industry that is expected to contribute OMR 7bn to the total GDP.

-Ends-

For more information, please contact:                                                      

Sudipta Dasgupta

Senior Media Relations Executive

TRACCS

Telephone: +968 24 649-099

Mobile: +968 94558787

Email: sudipta.dasgupta@traccs.net

© Press Release 2019

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