Muscat: Established in 2016 as part of a national vision to create an integrated logistics ecosystem under one umbrella, ASYAD Group celebrated its 10th anniversary under the slogan “A Decade of Trust Leading Global Connectivity.” The Group was founded to strengthen Oman’s position as a strategic bridge between East and West while driving economic diversification and growth.

According to Dr. Musallam bin Mahad Qatan, Chairman of the Board of Directors of ASYAD Group, the achievements of the past decade reflect the success of the vision behind the Group’s creation. He said revenues increased from RO 123.4 million in 2016 to approximately RO 713 million in 2026, highlighting the strength of the Group’s financial position and the effectiveness of its business model.

Dr. Qatan noted that ASYAD’s operations have evolved from a primarily local focus to a global presence spanning 76 cities across 24 countries. During the same period, the Group’s maritime fleet expanded from 51 vessels to more than 100 ships, while its portfolio grew to include the management and operation of six ports and docks.

The Group also recorded major operational growth across its logistics businesses. The number of projects undertaken by Duqm Drydock increased from 62 projects in 2016 to 258 projects in 2026, while average daily express mail shipments rose sharply from 1,035 shipments in 2020 to 9,667 shipments per day in 2026.

Dr. Qatan described the initial public offering of Asyad Shipping Company on the Muscat Stock Exchange as a pivotal milestone that enhanced governance, transparency and corporate best practices, further supporting the Group’s future growth ambitions.

Over the years, ASYAD has also pursued a series of strategic acquisitions and international partnerships, strengthening integration across its logistics assets and expanding its global footprint. Today, the Group’s logistics network connects more than 90 destinations worldwide and links over 200 commercial ports through an integrated network of shipping, ports and logistics services.

To further enhance supply chain efficiency, ASYAD has established 12 cargo consolidation centres in China and India, enabling shipments from multiple suppliers to be consolidated before being transported to Oman and regional markets.

The Chairman also highlighted progress on the Oman-UAE railway link project, revealing that construction has reached around 40 per cent completion, exceeding planned targets. The project is expected to improve cargo movement, strengthen connectivity between ports and economic zones, and support faster and more sustainable regional transport.

Dr. Qatan emphasized that investing in Omani talent has remained central to ASYAD’s growth story. He said the Group’s global expansion has been driven by a capable national workforce and reaffirmed the company’s commitment to developing local skills and empowering Omani professionals to sustain future achievements.

He added that ASYAD has strengthened collaboration with the private sector through various initiatives, including the ASYAD Accelerator and the Supplier Development Program, which support small and medium enterprises, entrepreneurs and local businesses in integrating into national and international supply chains.

These efforts have contributed to a significant rise in local content spending, which increased from RO 40 million in 2018 to nearly RO 85 million in 2026.