Omani elites expand globally and grow earnings sixfold
Oman-based Asyad Group succeeded in multiplying its revenues sixfold over the past decade, rising from 123.4 million Omani rials in 2016 to approximately 713 million rials in 2026. During this period, it expanded its operations to 24 countries and developed a global logistics network comprising more than 100 ships and six maritime ports. Additionally, the number of its projects increased from 62 to 258, while daily express courier shipments grew from 1,035 to 9,667 parcels. The company also achieved a milestone by listing Asyad Shipping on the Muscat Stock Exchange, along with strategies such as establishing collection centers in China and India and developing the rail link project between Oman and the United Arab Emirates, all aimed at enhancing transportation efficiency and connecting regional markets.
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