Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |
state_owned_enterprise

ASYAD Group

ASYAD is Oman's national logistics group — consolidating the Port of Salalah, Port of Sohar, Port of Duqm, Oman Drydock, and related logistics entities under a single SOE. ASYAD is the institutional vehicle for Vision 2040's logistics hub ambitions.

Overview

ASYAD Group (Arabic: assistance or support) was established to consolidate Oman’s fragmented logistics and port assets under a single national group, providing strategic direction, investment coordination, and operational synergies across Oman’s logistics infrastructure.

ASYAD’s portfolio includes:

  • Port of Salalah — Oman’s largest container port, a major transhipment hub on the East-West shipping lane
  • Port of Sohar — combined industrial and commercial port serving Sohar’s industrial cluster
  • Port of Duqm — deep-water port for the Duqm SEZ, with dry dock facilities
  • Oman Drydock Company — ship repair and maintenance facilities at Duqm
  • ASYAD Express — freight forwarding and express logistics
  • Muscat Logistics Centre — inland logistics hub

Port of Salalah

The Port of Salalah is ASYAD’s most strategically significant asset. Located on the southern Omani coast near the mouth of the Gulf of Aden, Salalah sits on the main East-West container shipping lane between Asia and Europe — one of the world’s busiest trade routes.

Salalah operates as a major transhipment hub, receiving large container vessels and transferring cargo to feeder vessels serving East Africa, the Red Sea, and the Indian Subcontinent. The port’s installed capacity exceeds 5 million TEU (twenty-foot equivalent units) annually, with expansion phases underway.

Competitive advantage: Salalah’s geographical position outside the Persian Gulf means it is not subject to the congestion and weather constraints of Gulf ports, and is better positioned for East Africa and Arabian Sea feeder networks.

Port of Sohar

Sohar serves the Sohar Industrial Port Complex, handling bulk commodities (aluminium, steel, fertilisers) and project cargo for the industrial cluster. The port has expanded significantly to handle OQ’s downstream volumes and Jindal Shadeed’s steel exports.

Port of Duqm

The deep-water Port of Duqm, opened progressively from 2010, provides the maritime gateway for the Duqm Special Economic Zone. Its natural deep harbour accommodates very large vessels, including potential future LNG and ammonia tankers for green hydrogen export. The Oman Drydock facility at Duqm is one of the Middle East’s larger ship repair yards.

IMEC and Strategic Opportunity

The India-Middle East-Europe Corridor (IMEC) initiative, announced in 2023, could transform Oman’s logistics position. IMEC envisions a shipping and rail corridor connecting India to Europe via the Gulf, and Oman’s ports — particularly Sohar and potentially Duqm — are positioned to be key nodes. Realisation of IMEC would significantly amplify ASYAD’s strategic value.